Most large and medium enterprises in Shandong tractor National Stock Exchange listing – five signs, tractors – machinery industries
5 M & Zheng, a wholly owned mountain drag?
Wuzheng Agricultural Equipment Group Co., will drag the mountain and medium-sized tractors, diesel Engine And supporting agricultural machinery, harvesting machinery as the focus, aiming at the international machinery of modern agricultural practices, and foster business listing
Recently, the three options listed on the transfer of information on top package in Shandong Property Rights Exchange website. Mountain drag farm machinery and equipment Co., Ltd. (hereinafter referred to as mountain drag) and packaged up for sale three state-owned shares, the SASAC of Shandong Jining City, Jining Mining Group, Jining Wheel Factory, respectively, hold the mountain drag share transfer, a total of 43.86% of the shares. Previously, in May this year, Shandong Wuzheng Group has dragged into the mountains and 56.14% of the shares, set up five signs of Shandong Agricultural Equipment Group Co., Ltd. mountain drag.
Listing information on journalists noted that the SASAC Jining City, Jining Mining Group, Jining Wheel Factory Hill were to drag the 24.87 percent holding, 18.8%, 0.19% of the share transfer. According to the three mountain drag out the conditions for state-owned shareholders, "transferee for the domestic machinery industry enterprises to legal persons, registered capital of not less than 30 million yuan, sales income in 2008 less than 60 billion yuan, transferee transferee of the state-owned shares to the transferee together with three state-owned shares. "Shandong Machinery industry veteran told reporters, according to these conditions, the market is clear of the levy which is tailored to five, five wholly owned mountain drag imposed only a matter of time.
Mountain drag is the successor founded in 1960, Shandong tractor factory is China's second tractor plant, is the large and medium tractors, agricultural equipment and auxiliary engines important production and export base; Shandong Wuzheng Group is a national the second largest agricultural vehicle manufacturer, 2008 Pin Sales revenue from China Machinery Industry No. 30, the competitiveness of the national large enterprise groups ranked 48th.
With the development of market economy, mountain drag trapped in the state system operation, and gradually into trouble. October 2006, Jining City, SASAC and local injection of two state-owned enterprises were set up 70 million yuan Agricultural Equipment Co., Ltd drag the mountain, from mountain drag Lease Shandong Tractor Works core business assets, and accepted the Laoshan delay of 2500 workers employed, the mountain drag inherited brand factory and production advantages, while the original mountain drag factory into bankruptcy proceedings.
May 22 this year, agricultural giant Group Five signs 100 million yuan through the capital increase shares, made 56.14% of the shares drag mountain, mountain drag Agricultural Equipment Co., Ltd. officially by the state-owned enterprises into five levy Group Holdings limited liability company. Wuzheng delayed acquisition of Hill, the first step out of the 100 million yuan in investment holding mountain drag, the first 3 months that is fully funded, the investment for technology projects, big horsepower and electrophoresis production line painting production line, expected to completed by the end of this year, and drag into bankruptcy Laoshan come to buy plant and equipment to fund the purchase Laoshan dragging the factories and land.
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