20% of state-owned shares listed in Yunnan's largest cement company

Yesterday, Yunnan Industrial Investment Holding Group was listed on the Yunnan Property Exchange and held 20% of the state-owned equity of Yunnan Ruian Building Materials Investment Co., Ltd., with a listing price of 220 million yuan.
According to the statistics, Rui'an Building Material is a Sino-foreign joint venture, which was established in May 2004 with a registered capital of RMB 1 billion. The Lafarge Group’s Chunlian Co., Ltd. holds 80% of the equity, and Yunnan Industrial Investment Holding Group holds 20% of the equity. The group also holds shares in six Yunnan listed companies, including Kunming Pharmaceutical and Nantian Information. There are 10 100% owned subsidiaries of Shui On Building Materials, with 10 million tons of cement production capacity. In 2009, it sold 8.58 million tons of cement, accounting for 17.1% of the cement market in Yunnan Province. It is the cement industry in Yunnan Province with the largest scale and the most extensive coverage of cement. manufacturer.
As of December 31, 2009, the total assets of Shui On Building Materials amounted to RMB 4.83 billion, total liabilities amounted to RMB 4.21 billion, and the book value of net assets was RMB 620 million. The assessed value was RMB 1.07 billion. In 2009, the company's main business income was 2.15 billion yuan, with a total profit of -39.5263 million yuan and a net profit of -39.98 million yuan.
According to the disclosure, pursuant to the loan agreement signed on July 21, 2006, Rui'an Building Materials borrowed 180 million yuan from Yunnan Industrial Industrial Investment Holding Group for production and operation, and it should be returned in installments within 10 years, with a repayment of 18 million yuan per period, up to 2010. On December 31 this year, only 36 million yuan were returned in two phases. According to the amount of other claims and debts that have been confirmed by both parties, after offsetting each other, Shui On Building Materials shall also pay 94.12 million yuan in arrears.
For the transferee, Yunnan Industrial Investment Holding Group has more favorable conditions: it has good financial status, ability to pay and business credit, and natural persons should have complete civil capacity. If it is a foreign company, it must be promised to be approved as a transferee and submit an approval in accordance with regulations. If it is not approved by the relevant department, it shall compensate the losses of the Cloud Exchange and the transferor, and the project shall be listed or determined by other pre-defined rules for other bidders. When giving up the party, there must be no objection.
As the target company is the largest cement company in Yunnan Province, the transaction of equity will have a certain impact on the layout of the cement industry in Yunnan Province, so who will be more concerned about the shot. From the above terms of transfer, Junlian Co., Ltd. does not rule out the final acquisition of this part of the equity.

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