Personnel did not sort out the economic rights to postpone the merger listed Lai

"First Financial Daily" on October 26 days from the Shandong Province SASAC was informed originally scheduled for this month listed holding company of Shandong Iron and Steel has determined to not appear as scheduled. Shandong Iron and Steel Holding Corporation is the two steel enterprises in Shandong Province Jinan Iron and Steel and Laiwu Steel's parent company in the future, the parent company can not be listed, once again demonstrates the domestic steel industry consolidation and reorganization of the difficulties and embarrassment.

    The new company faced new difficulties

    Early August, the first two in Shandong Province Jinan Iron and Steel and Laiwu Iron and Steel Company also issued a public notice, said to be absorbed in Shandong Province and Jinan Iron and Steel Group, Laiwu Steel Group Corporation, Shandong Iron and Steel Group Co., Ltd. set up, before the newspaper has reported that exclusive combined approach, namely, Shandong Province, Shandong Iron and Steel newly formed holding company, Jinan Iron and Steel Group, Laiwu Steel Group, a holding company wholly-owned subsidiary.

    Yesterday, Shandong Province SASAC source disclosed to the media, in Shandong Iron and Steel Holdings plans to complete by the end of October before the basic timetable for the establishment and listing has been postponed, because the actual restructuring process of "facing difficulties."

    The person familiar with the meaning of "difficult", mainly in two areas of personnel and property, as Jinan Iron and Steel Group and Laiwu Steel Group will become a wholly owned subsidiary of the holding company, but still retained independent legal status, therefore, and Hebei Province Tang Steel Group fully absorbed than the other two steel mills, in fact, integrated iron and steel in Shandong Province and in personnel matters is not so much resistance. The key problem is the parent holding company of Shandong Iron and Steel "top leaders" of the set on. Holding company personnel from Jinan Steel, Laiwu Steel and Shandong Metallurgical Corporation in the deployment. As the Shandong Provincial Government and the SASAC hopes to have a great understanding of the steel industry who undertake this important task, whether or Jinan Iron and Steel Group, Laiwu Steel Group, the chairman of each company are strong characters, so who is "on", but also well established.

    In the property rights transfer, although the plan Jinan Iron and Steel Group and Laiwu Steel Group's assets will be consistently allocated to the holding company, but specific to the two companies involved in debt and legacy Shi You start to become complicated. Currently, there are some state-owned steel enterprises historical issues, such as business community and the secondary units to do heavy burden of excessive surplus personnel and other enterprises, Shandong Province, before listing the holding company hoped, put these questions to clarify.

    However, the relevant industry is that the joint reorganization of iron and steel enterprises is an important and urgent task, before the reorganization of the few successful, such as Baoshan Iron and Steel, the steel, steel joint reorganization of plum, big steel, Fushun Special Steel, Northern Steel recombination, is the first joint reorganization to resolve the problems left by history. In fact, a large collective joint resolve the issue before the restructuring conditions are not ripe, and then solve both the time for a joint restructuring, but also for creating conditions.

    Re-frame initially for

    At present, the remaining issues and did not make the steel restructuring process in Shandong Province stagnation, except in August has been established Holdings preparation office, there are three groups has been re-designed. Three teams responsible for the development holding company and subsidiary of the constitution, the personnel handling the restructuring process, as well as property rights. Panel members are drawn from the SASAC of Shandong Province, Jinan Steel, Laiwu, Shandong Province, Shandong Metallurgical Industry Company, and steel research institutes.

    Specific framework for the development of the charter are: holding company will set up a board of directors, supervisors and managers, with no shareholders, the holding company by the provincial SASAC general meeting of shareholders to exercise authority. In the future, the holding company will be located several functional departments, the reunification of Jinan Steel, Laiwu Steel's acquisition and future product planning.

    This month, the steel industry in Shandong Province is responsible for the relevant personnel have been integrated into the same ongoing integration of the steel industry in Hebei Province had 10 days of inspection. New Tangshan Steel Group, Hebei Province, has been formally established earlier this year, the merger of Tangshan Iron and Steel Group, Xuanhua Iron and Steel Group and Chengde Iron and Steel Group, Tangshan Iron and Steel is clearly drawing on the new saddle this "a dubious" lessons will be announced steel, bearing steel total assets assigned to the Tangshan Iron and Steel, to achieve equity, equity is fully integrated. In the future, the new Tangshan Iron and Steel Group's strategic planning centers, operation centers of capital, investment decision-making centers will also provide various subsidiaries in the planning, investment, financial, personnel, procurement, research and development to achieve unified management and organization.

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