Listed companies involved were suspended for more than eight months, China's electronic information industry group co., LTD. (hereinafter referred to as the China electronic) military assets restructuring plan was unveiled at last.
On February 24th the evening, electronic its two listed companies in China, the Great Wall and the Great Wall computer information at the same time, according to the announcement the proposed by exchange mergers, major asset replacement, purchase of assets through issuing shares to raise funds and related series of deals to integrate, make integration of the new company to become China's electronic information security platform of civil-military integration, and improve the electronic military rate of asset securitization in China.
The scheme proposed deal to buy assets totaled 22.934 billion yuan. Because of the shenzhen stock exchange will be approved after the related files, the two companies will continue to stock suspension.
Electronic, founded in 1989, China is the central straight pipe of the wholly state-owned oversize group co., LTD., is also China's largest state-owned enterprise IT. Industry layout mainly concentrated in integrated circuits, software, services, and key parts, flat, trade and logistics park and so on five big plate, covering everything from component to the sales of the whole industrial chain. The group owns many high-quality assets, information security and military electronics but overall military asset securitization rate is low, so Improve the ratio become focus among the assets reorganization.
According to the published restructuring plan, the Great Wall the Great Wall computer through new shares share swap absorption merger information, trade amounted to RMB 19.629 billion. Transaction is completed, the Great Wall computer will be as survival, the Great Wall information will cancel the legal person status.
The Great Wall, Great Wall computer information in share prices were 13.04 yuan and 24.09 yuan/shares. On the basis of calculation, the Great Wall of information and the Great Wall computer in a ratio of 0.5413:1, per 1 Great Wall computer to issue new shares for 0.5413 shares in the Great Wall information. However, shareholders also have the right to the Great Wall information in the above in stock to sell its holdings of shares.
The reorganization after the completion of execution, the Great Wall computer total equity will be increased by 1.324 billion strands to 1.324 billion strands, the China electronic combined direct and indirect holding 1.154 billion shares, stake of 34.14%, is still the controlling shareholder.
In addition to "seal", the reorganization also includes "two into one".
Great Wall computer will its holdings of Hong Kong listed company TPV (00903 HK) 24.32% of the shares set out, the asset is considered to be "do not conform to the requirements of the integration, the company positioning and loss of assets".
Focus on design and production of various types of desktop computer monitor and LCD TV TPV technology, dual listing in Hong Kong and Singapore in 1999. Although claims to be "the world's largest monitor manufacturer", but has been in years loss, respectively in 2013 and 2014 losses of $2013 (921 million yuan) and a $5.4 million (35.282 million yuan), in the first three quarters of last year also losses of $90.55 million (592 million yuan).
Replacement to the Great Wall computer assets for Chinese electronics have electronic 64.98% stake of the central plains. In addition, the Great Wall computer to China issuing shares to buy its holdings of zhongyuan electronic 35.02% stake, st special 100% stake, and China electronic approval for state-owned capital 165 million yuan on the Great Wall computer claims.
Zhongyuan electronic 100% forecast for 2.458 billion yuan. The company is to have DiQiYi factory, was founded in 1949, is China's military communication, navigation and informatization of the whole machine and system important supply, committed to achieving the military information security and its core software and hardware independent controllable and localization, the main development and provide communications systems, autonomous control communications equipment, network equipment, information confrontation and protective hardware and software products and solutions, such as domestic for the army to provide communications equipment and navigation equipment, and have the advantage position in the relevant market.
St special 100% forecast for 682 million yuan, its in military communication system and the automatic control system as the core business, mainly engaged in underwater and remote communication, dangerous explosive product disassembly related systems and equipment in the field of design, development, production and services, is the Chinese military underwater communications, remote strategic communications system and equipment suppliers, provide special underwater communication technology system and its main forces communications equipment.
China electronic commitment and zhongyuan electronic and SAN especially in 2016, 2017, 2018 audited deducting non-recurring gains and losses attributable to the parent company of the owner of the sum of net profit will be not less than 570 million yuan and 220 million yuan respectively.
The Great Wall computer to adopt book-building at no more than ten specific object oriented supporting way of issuing shares to raise funds, raise matching funds not more than 8 billion yuan, raising matching funds will be used for new listings seven project investment and the added liquidity.
Offering investment projects including independently controllable critical infrastructure and solutions, empty heaven and earth one information system, Marine information security industry, intelligent individual comprehensive information system construction, satellite navigation, and application, dangerous explosive intelligent environmental disassembly system, special equipment, new energy and application of the construction of seven projects. The project, after all, the income scale is expected to exceed 10 billion yuan.
At this point, the Great Wall computer would "changed". Consolidated company will become China's important carrier of electronic independently controllable calculation, and the China electronic information security platform of civil-military integration, its future orientation is: to safeguard national territory (cyberspace) 5 security as the goal, be geared to the needs of the military defense, the national key areas and key industries, independent critical controllable network security and information infrastructure and solutions provider, service operators.
But it seems to be China's electronic always adhere to the "one plate is a listed company" layout thinking to break it.
Electronics now holding up to 15 listed companies in China, including A shares and H shares 11 five, among them, the nanjing panda (12.180, 1.35, 9.98%) (600775 SH, 00553 HK) as A + H shares listed company, focused on electronic equipment industry, east China science and technology (6.83, 0.76, 10.01%) (000727 SZ) main business in the new flat display panel, Chinese software (23.500, 2.61, 10.00%) (600536. SH) main business software and information technology development, deep technology (8.42, 0.94, 10.04%) (000021 SZ) orientation is A advanced manufacturing industry, the Great Wall computers located in autonomous control computers and servers, the Great Wall information continue to adhere to financial electronic, medical information and high electrical products for the main business, Shanghai Mr Bei (14.160, 1.57, 9.98%) (600171. SH) belong to the integrated circuit design sector. Zhenhua technology (16.91, 1.88, 10.01%) (000733 SZ) is a subsidiary of China electronics of the military information security platform, seems to be collided with integration of the Great Wall computer positioning.
As a national information security industry and military electronic international, China electronics is shouldering the national information security construction and independently controlled development mission. Is China's electronic information security has drawn up one of the three strategic direction, is also known as China's electronic "ii project". The "number one project" and "three project" new display and information services respectively.
, general manager of China electronic Liu Liehong has said that the company will focus on the construction of autonomous control system of the information industry, "as China's electronic information network security product the focal point of a new round of economic development and structural adjustment, to build domestic operations system, domestic computer, server, network switching equipment core chip, meet the demand of national electronic information of independently controlled products." The direction was also in the industry.
Since last November the change opinion after landing, military electronic sector is a major concern. "Military war is the background of the reform of the information, so we watch the change in the army military informatization enterprise benefit in the process of conduction." Changjiang securities analyst mervyn parity, research and development of new weapons will be more value information, and military structure, services and arms will increase the proportion of high-tech, information technology powerful private enterprises to benefit from Yu Junmin fusion trend.
