Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY
 Globalization Forum

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Thursday, December 14, 2000, updated at 16:22(GMT+8)
Business  

China's Largest Public Bid for Enterprise Property Right Transfer Completed in Shenzhen

On December 12, the stock right of four enterprises including Shenzhen Nanyou Petrochemical Company Ltd. was transferred successfully at the price of nearly 2.91 million yuan, setting a new record in the transaction of enterprise property rights through public bidding in the country and bringing about an added value of over 200 million yuan to the state-owned assets.

Approved by related state-owned assets management departments of Shenzhen, Shenzhen Nanyou (Group) Company Ltd. entrusted Shenzhen Property Rights Trading Center with the transfer of the stock rights of its subsidiaries, including 100 percent of the stock right of Shenzhen Nanyou Petrochemical Company Ltd., 25 percent of Shenzhen Yueliangwan Oil and Port Administrative Affairs Company Ltd., 40 percent of Shenzhen Dongbin Refueling Station and 100 percent of Yueliangwan Refueling Station of Shenzhen Nanyou Materials Import Company. The net assets are evaluated at 89.874 million yuan. After Shenzhen Property Rights Trading Center published the transfer message to society, the transfer price surged to 200 million yuan. At the bidding meeting on December 12, the base price of the stock right of the four enterprises was 200 million yuan. After many rounds of fierce competition, Shenzhen Petroleum Company finally clinched the deal at the price of nearly 2.91 million yuan.



By PD Online staff member Du Minghua



In This Section
 

On December 12, the stock right of four enterprises including Shenzhen Nanyou Petrochemical Company Ltd. was transferred successfully at the price of nearly 2.91 million yuan, setting a new record in the transaction of enterprise property rights through public bidding in the country and bringing about an added value of over 200 million yuan to the state-owned assets.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved