Iron and steel enterprise equity merger and acquisition in the majority

Combing the iron and steel enterprise merger, acquisition and reorganization of incidents this year, you can see that in the event of an 18 mergers already equity acquisition, mergers and carbon steel threaded connections tee acquisitions are intangible assets and physical assets, among them, 10 for equity merger and acquisition. Specific view, has completed the acquisition of shares by baotou steel group of embellish mining co., LTD. 100% stake and a takeover of baiyun obo ore west ore mining right value maximum, is 5.929 billion yuan. The net worth of embellish mining evaluation value of 3.787716 billion yuan, baiyun obo ore west ore mining right assessment of the value of 2.14122 billion yuan. In addition, clad steel shares also decided in cash acquisition of solid Yang 100% stake in mines, the final purchase ASME B16.9 45 Deg Long Radius butt weld Elbow price remains to be determined by way of assessment.

In April, jisco group gansu HongXing iron and steel co., LTD., proposed to the particular object non-public not more than 1.086 billion shares of class A shares, to raise funds not more than 9.6 billion yuan, after deducting costs issue will be used in the yu steel support the earthquake disaster area reconstruction project and the acquisition STD seamless steel pipe ASME B36.10m tube of jisco group day stainless steel co., LTD. 100% stake. At present, the merger and acquisition is in progress.

In addition, since this year involving two steel m&a events listed company and shandong iron and steel. In February, shandong iron and steel, according to the announcement the company completed the lai steel group's new substation, waterworks, track scale, railway and molten iron transport facilities such as mergers and acquisitions, the appraisal value of 483.3666 million yuan. In August of this year, shandong iron and steel and announced the acquisition of jinan letter win coal coking co., LTD., currently, the acquisition is still in progress.

From the point of market performance, the 14 incidents involving m&a of iron and steel shares in the secondary market performance is not outstanding. Data show that since this year as of yesterday, only 5 stocks outperform over the same period the Shanghai composite index, among them, the property of Rio tinto, square big special steel, LuYin investment gains.