Low-profile listing

Since the news that Hainan Automotive wanted to reorganize the Zhengzhou Light Vehicle Factory (hereinafter referred to as “light”) has been reported since last May, light-duty vehicles have been at the forefront.

What will be the future fate of the old state-owned enterprises that were restructured in Zhengzhou? It is not only the concern of the government that light-duty truck workers are concerned about, but also those who are concerned about the production of light trucks with good qualifications.

Finally, the rumors of reorganization that have been circulating for more than half a year are coming to an end. The restructuring has entered the final process. On January 24, light steam began to be listed on the property rights trading market in Zhengzhou, and was delisted on February 25 (after 20 working days). This also means that the reorganization of light steam is about to end.

This is obviously much later than the original rumors planned to complete the reform of light steam last August.

In fact, the light gas was sent to the trading market. The Zhengzhou municipal government has already relieved itself. As a light-duty vehicle for the restructuring of the old, the burden on the workers of nearly 2,000 people is rather heavy, and companies are in urgent need of technical and managerial updates.

In recent years, the Zhengzhou municipal government has spared no effort in promoting the reform of state-owned enterprises. Most of the restructuring of state-owned enterprises has been effective. As early as 2002, Zhengzhou Municipal Economic and Trade Commission’s “Investigation Report on the Reform of State-owned Enterprises in Zhengzhou” showed that the state-owned enterprise reform in Zhengzhou has established two “five-year goals”. The first five years, that is, from 2003, use 1 to 2 years to complete the restructuring and reorganization of state-owned SMEs in the city. By 2005, it will basically complete the transformation of state-owned large and medium-sized enterprises and the strategic adjustment of the state-owned economy.

From this point of view, Zhengzhou light steam's restructuring work is already lagging behind the planned progress. In fact, this is one of the reasons why the Zhengzhou municipal government attached great importance to the rumors of the reorganization intention of Zhongnan Automobile Group.

However, the end of light steamer who played, as of the press release did not get exact news. Ding Xiaomin, a staff member of the property rights trading market in Zhengzhou, told reporters that since many companies came to register, after delisting, they also need to review and screen the conditions of these companies, and the final results may be determined one week after delisting.

As early as February 15th, a government official told reporters: “If only the Hainan Auto Group came to delist, it would be a good thing. It is almost universally expected.”

The staff member also believes that the reason for setting the listed transaction time between January 24 and February 25, spanning a Spring Festival holiday, may be to reduce the attention of other possible participants. "Unconsciously, it is best that light steam be delivered to Haiqi."

As we all know, Zhengzhou City already has Yutong buses and Zhengzhou Nissan put into production pickups and off-road vehicles, but there has been a lack of car projects. The introduction of SAIC Group's reorganization of Zhengzhou Light & Gas is actually the original intention of the Henan Province to look forward to the launch of the sedan project.

Suspense remains

However, the fact is obviously not the case. According to Ding Xiaomin, it is clear that there have been more than one transferee who came to register. After several killings and several bites of gold were made, the situation became lively. However, these Cheng Bingjin surnames who he did not want to disclose, only revealed: "the province and the provinces are." When asked if there is no Hainan car, I was expecting a positive answer.

It seems that Haiqi still has to face some competitors. The final result is as yet unknown to the Zhengzhou municipal government.

In fact, to seek restructuring, Zhengzhou Light & Gas has a unique advantage - the production of basic vehicles (whole vehicle) qualifications.

"Under historical conditions, our country implements special automobile production management, that is, announcement management." Liu Xiaoming, secretary general of the Henan Automobile Industry Association, said, "In order to produce basic models and modified vehicles, companies must be notified by relevant state management departments. In other words, it must be a company within the announcement to qualify for production.”

However, Henan Province has only four companies, namely Yutong, Zhengzhou Nissan, Luoyang Yiduo, and Zhengzhou LNG.

As the only manufacturer in Henan Province that currently possesses production qualifications and is seeking reorganization, Zhengzhou Light & Gas is undoubtedly a scarce industrial resource. According to informed sources, there are dozens of companies that have intermittently reconnected Zhengzhou light-duty trucks before rumors of the restructuring of light steam by the company.

A person familiar with the matter revealed to reporters that in fact, Dongfeng Motor, now a major shareholder of light steam, also has plans to include light steam into its pocket.

As early as 2002, Zhengzhou light steam was forced to transfer 16% of Zhengzhou Nissan’s shares to Dongfeng Motor’s major shareholder, to keep it running. In October 2005, it was reported that Zhengzhou Municipal Government and Dongfeng Motor reached an intention to sell Zhengzhou Light & Gas with 19% of the remaining shares of Zhengzhou Nissan at a symbolic price of one yuan. However, due to various reasons, this "marriage" eventually aborted. However, the idea of ​​turning Zhengzhou into a commercial vehicle base has not been abandoned by Dongfeng Motor.

The source also revealed that, in addition to Dongfeng Motor, Changan Automobile, FAW and other big car manufacturers also have the intention to come to compete, Changan production of micro-cars, FAW because of its many models, willing to come to Zhengzhou production what models are not easy to say. In contrast, only Hainan Automobile will be able to round up the dream of a sedan in Henan if it succeeds in reorganizing the family car in the future.

"But then, no matter who gets the reorganization right of light steam, it is a good thing for light steam. After that, light steam will not be a mess anymore."

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