CCB Accelerated Debt Stripping &Nbsp; Stripped Textile Assets At A Low Price.
In June of this year, CCB's Guizhou, Xinjiang and Liaoning branch debt properties were entrusted to the Chongqing stock exchange for sale. Analysts believe that the Jilin branch's pfer of equity interest in textile enterprises is also one of the measures to strip off non principal assets and bad debts.
Low price divestiture of textile assets
The business scope of Liaoyuan textile group includes production and sales.
Cotton yarn
Chemical fiber yarn, blended yarn, colored yarn, cotton cloth,
Chemical fiber cloth
The import and export business of blended fabrics, colored cloth, printed cloth, clothing and knitwear; and imports of the materials needed by the group.
The registered capital is 338 million yuan, the date of establishment is December 24, 1996.
According to the shareholding structure of Liaoyuan textile, Asset Management Co of China the Great Wall ranks the largest shareholder in the company with 72.47% stake, while Construction Bank ranks fourth largest shareholder in 0.85% stake. After the completion of the equity pfer, CCB will no longer hold the stake in Liaoyuan textile.
From the perspective of asset quality, the high debt of Liaoyuan textile industry is a problem that can not be avoided.
Liaoyuan textile accounts for 816 million yuan, liabilities of 528 million yuan, net assets of 287 million yuan, however, the assessment value is far below this.
In November 30, 2009, the total assets of Liaoyuan's textile industry amounted to 270 million yuan, liabilities totaled 756 million yuan, and owners' equity amounted to 487 million yuan.
The listing price is only 3000 yuan. In the view of analysts, the determination of the price also takes into account the current financial situation of Liaoyuan textile.
The Jilin branch of CCB is not harsh on the terms of intention of the pferee.
The intention assignee needs to have good financial condition and ability to pay; he has good commercial credit; the pferee is a natural person; he shall have full civil capacity; other methods that conform to the provisions of the state laws and administrative regulations.
CCB accelerated debt stripping
Reporters learned that the recent construction bank Guizhou, Xinjiang, Liaoning branch debt property entrusted Chongqing joint property rights.
paction
Those listed for sale are all commercial real estate.
It is understood that in the past, the disposal of debt assets of financial institutions mostly took the form of auction or self investment. After the promulgation of the fifty-fourth order of the Ministry of Finance in 2009, corresponding requirements were made for the entry paction of state-owned assets of financial enterprises.
In addition to debt paying assets, CCB also continues to promote the work of stripping off non principal assets, according to the request of SASAC to speed up the divestiture of non main businesses.
The notice of pfer indicates that the date of initiation of the pfer is June 28, 2010, and the termination date is 15 hours in July 23, 2010. If the intention assignee is eligible for more than two contests during the listing period, it will choose the electronic bidding method to determine the pferee. If the auction fails to collect the intention pferee, the Jilin branch of CCB will change the listing conditions and renew the listing.
Analysts believe that if the change of conditions of the Jilin branch of the CCB is re listed, the pfer price will probably be discounted, which also reveals the original intention of the bank to divest its non main assets.
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