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After eight years of painstaking operation, China resources gas will China resources gas completely under which zhengzhou goal finally sent a rimmon foot.
China resources gas holdings Co., LTD and zhengzhou China resources gas on 11 October, China resources gas said both suspended, and will be of zhengzhou China resources gas proposed takeover offer.
In 2010, China resources gas had planned to zhengzhou China resources gas full acquisition, but due to the small shareholder objections aside on the. Now, again, the takeover market personage analysis, China resources gas with this acquisition will bring the zhengzhou China resources gas shares, but because the pocket completely China resources gas already is China resources gas and the actual control of zhengzhou and, therefore, the acquisition of the two companies related business actual influence is not big.
Acquisition last eight years
China resources gas is a wholly-owned subsidiary huarun group enterprise, is also the second strategy huarun group developed a of new business. In 2003, China resources group put forwards to the idea of city gas industry march. That same year, China resources gas group and zhengzhou began to discuss.
Zhengzhou gas in October 2002 in Hong Kong, the mainland market successfully gem is the first in Hong Kong on the gem state holding city gas enterprise, on the stock exchange after the motherboard.
In 2003, China resources gas equity participation in zhengzhou put forward by 20%, but the opposition of the shareholders of zhengzhou gas, which after DuoCi negotiations until 2009, huarun group of zhengzhou city government to throw out a total investment of more than 20 billion yuan of strategic cooperation agreement "silk", was able to obtain the equity of zhengzhou gas.
November 20, 2009, zhengzhou city by the state-owned assets supervision and administration commission jointly established China resources gas zhengzhou China resources gas Co., LTD formally established. Zhengzhou China resources gas Co., LTD. Has become a zhengzhou gas large shareholders, with 43.18% of the equity, as well as in Hong Kong listing of China resources gas through joint venture company with 80% of the equity, which indirectly with zhengzhou gas 34.5% equity stake.
Since then, China resources gas and DuoCi wants to expand in zhengzhou gas of the equity. In October 2010, China resources gas announced that huarun group through the purchase of a total of 71.17 million, hold zhengzhou gas is 56.87%. Then, zhengzhou gas was renamed zhengzhou China resources gas, and plan to expand business scope to include gas facilities of the construction, operation and rescue, energy development and use and business.
Although China resources gas determination of zhengzhou now everyone knows, but the zhengzhou China resources gas to put forward to a takeover offer by surprise. This August, China resources gas director general manager WangChuanDong was in performance meeting that the 2010 full acquisition zhengzhou China resources gas put forward the proposal did not get through, at present the temporary unplanned deal because the company think restart, in the long run, the group need not have at the same time two similar company.
Why two months after the purchase? An adviser to the energy industry ZhouXiuJie researcher at the the first financial daily reporter that, along with the rapid development of domestic natural gas market, natural gas in energy supply more and more important in the position, huarun group will naturally active increase its gas business development. And in the central plains market of zhengzhou gas is very important in gas transmission pipeline, plus the henan has unique advantage, these factors make huarun group to speed up the pace of gas wholly-owned and share-controlled zhengzhou.
The city gas market competition
As the largest city gas operators, China resources gas has been in nanjing, chengdu, wuhan, nearly 100 to large cities set up the gas company. China resources gas in the enclosure of the horse race run, because zhengzhou favourable geographic position, zhengzhou to its acquisition of gas is especially important.
Insiders expect, zheng burning all equity group purchase, China resources gas is expected to control the henan city gas market more than 70% share of the market. ZhouXiuJie said the acquisition will realize huarun group in zhengzhou comprehensive holding, gas further consolidate huarun group in henan market advantage, improve the market layout, and further to use China resources gas into the surrounding market zhengzhou.
In fact, China resources gas to purchase the process of zhengzhou gas trouble is China's urban gas market competition of a miniature. "Now the oil, sinopec, state-owned monopoly giants have reinforced downstream of market development, while the local governments are also strongly support the local gas development of enterprise, the Hong Kong and overseas gas giant also have march outback market." ZhouXiuJie said, city gas market the fierce market competition, and the inevitable will become more and more fierce.