On the eve of National Day, Premier Li Keqiang chaired a State Council executive meeting, to promote the restructuring of central enterprises to integrate the work report, meeting the requirements of promoting equipment manufacturing, coal, electricity, communications, chemical and other fields of central enterprises reorganization and integration, promote between central enterprises through asset restructuring, equity cooperation, will focus its resources to the advantage of enterprises and enterprises the main industry.
Restructuring of coal central enterprises once again named". In fact, this year, the State Council and other relevant departments continue to emphasize the reorganization and integration of coal central enterprises.
At the beginning of this year, SASAC director Xiao Yaqing has been brought forward, to promote the level of enterprise merger and restructuring, accelerate the iron and steel, coal, electric power business integration; then Xiao Yaqing in NPC and CPPCC again, iron and steel, coal, heavy equipment, thermal power and other fields, without the restructuring is not definite; at the beginning of June, the SASAC relevant responsible person in the clear once again held a media briefing, to promote the iron and steel and other fields of coal, heavy equipment manufacturing, recombinant.
Not long ago, Shenhua and Guodian have announced the restructuring plan, it can be said that the reorganization of the two companies opened the prelude to the restructuring of the central coal enterprises.
Need to mention that, at the end of August, China coal energy released the transfer of assets in August 23, 2017, the company announced that the Affiliated Companies coking company and the parent company of Affiliated Companies of Jinzhong can enter into an equity transfer agreement to transfer to the parent company of the group of Shanxi transportation group holds 100% equity and 100% equity interest in the Tianjin Corporation, for a total amount of 13 million 421 thousand and 400 yuan.
In the central coal enterprises restructuring is expected to continue to enhance the background, the attention of coal energy again heating up.
Last July, the central enterprise coal asset integration platform national source coal Asset Management Co., Ltd. was established, coal resources integration is mainly responsible for the coal group.
In 2016 August, the national investment company's *ST Xinji 30.31% free transfer of shares to the coal group, in May this year, poly energy and transferred to the group's overall coal.
China coal energy also mentioned in the semi annual report, in recent years, the parent company of China Coal Group to play a specialized coal company management advantages, and actively participate in the integration of coal resources of the central enterprises. Since 2016, some of the central enterprises have taken over the coal assets business, expanded the scale and strength, and promoted the coordinated development of coal and electricity integration and regional layout optimization. With the historical opportunity of reform and development, China coal energy will speed up business adjustment and transformation and upgrade, and strive to build a clean energy supplier with strong international competitiveness.
Haitong Securities analyst Wu Jie believes that the central enterprises coal asset integration has been opened, China state power or merger will open coal power pool. As the only remaining coal industry central enterprises, coal is likely to become the next, the future integration can be expected.
It is worth noting that, in September 11th, the State Council issued the "on the support of Shanxi province to further deepen the reform to promote the development of resource-based economy views", pointed out the need to promote the supply side structural reform as the main line, breaking the traditional mechanism, promote energy structure transformation.
The above opinions also put forward, support the central enterprises and Shanxi coal and electric power enterprises through mutual participation, holding and signing long-term agreements and other forms of cooperation to form complementary market and upstream and downstream synergies. Encourage the conditional coal and power enterprises through capital injection, equity replacement, mergers and acquisitions, equity transfer, etc., to promote coal mine and power plant joint venture.
This is the first time the State Council issued a special document to support the central enterprises mergers and acquisitions of local state-owned enterprises.
Haitong Securities coal research team believes that the State Council issued a document in support of the reform and development of Shanxi, is still the main direction of the reform of state-owned enterprise reform, including the integration of assets into the listed enterprise vertical and horizontal merger and reorganization.
In fact, many coal enterprises in Shanxi have opened the capital operation.
The evening of September 27th, Shanxi coking and disclose major asset restructuring plan, the hill group intends to issue shares and pay cash to buy their holdings in China 49% of the shares, the transaction price of 5 billion 664 million yuan. Among them, Shanxi coking intends to pay the shares of the consideration of 5 billion 64 million yuan, intends to pay the price of cash is 600 million yuan. At the same time, Shanxi coking intends to use non-public offering of shares to raise matching funds of not more than 650 million yuan.
A brokerage analyst told the "Securities Daily" the reporter said, the State Council on the "call" coal reorganization of central enterprises at the same time, but also specifically stressed that Shanxi coal enterprises restructuring, integration and support the central enterprises in Shanxi coal prices, coal following the reorganization of central enterprises, Shanxi coal enterprises or become the main.