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