The Naming Of Private Enterprises Near Daqing Oilfield Is Going To Be Listed &Nbsp; Daqing Oilfield Is Indifferent.

Following the listing of 300191.SZ, Whibop, 002554.SZ and 300084.SZ, another oil related engineering technology company, the Daqing oilfield Jingtai petroleum engineering technology Limited by Share Ltd (hereinafter referred to as "Jingtai shares"), will be formally accepted by the SFA on Wednesday.

Unlike other petroleum technology companies, the name of Jingtai shares has been added to the four words "Daqing Oilfield", which makes people mistakenly believe that it belongs to "Daqing oil field" or "PetroChina".

Although it has nothing to do with Daqing oil field, relying on this big tree of Daqing oilfield, Jingtai shares still enjoy many preferential treatment.

For example, in terms of qualification and enterprise finalists, they will enjoy the relevant policies of Daqing Petroleum Administration Bureau.

He was a subsidiary company of Daqing oilfield.

Jingtai

This time, Jingtai shares intends to issue 30 million shares in Shenzhen Stock Exchange, and the total share capital will reach 118 million shares after the issue.

The particularity of the company lies in its first four words in its full name, the word "Daqing Oilfield".

It is understood that the enterprise is now owned by Wan Jun and his family, of which Wan Jun holds 74.1% of the shares, and his two brothers and nephew Chang Haibo of Wan Jun are 88.26% of the company before the issue.

The development path of Jingtai shares can be seen as a microcosm of the restructuring process of Daqing oilfield.

In 1992, Daqing oilfield established the "Daqing high tech Industrial Development Zone prophet enterprise general company".

In 1998, the company was renamed the "Daqing underground operation Department", which is the "Daqing oil field minefield Industrial Company" (hereinafter referred to as "well field company") under the downhole operation company of the Daqing Petroleum Administration. All its assets remain in the underground operation company of Daqing Petroleum Administration Bureau.

In July 2000, Ida signed an internal contract with Wan Jun, a staff member of a state-owned enterprise, and agreed to contract for 2 years and 3 months. The "underground operation Department" was invested by Wan Jun himself, operating independently and assuming profits and losses.

In October 2001, Daqing oilfield well yuan well logging perforation Co., Ltd. (hereinafter referred to as "Qing Yuan Limited") was formally established. It was invested by two enterprises of Daqing oilfield downhole operation Department (shareholding 69.69%) and Shanghai Jiaxi.

In February 2002, "Qing Yuan Limited" was renamed "Daqing oilfield Jingtai Petroleum Engineering Technology Co., Ltd." (hereinafter referred to as "Jingtai Limited").

In September 2003, the underground operation Department pferred the 5 million 790 thousand yuan investment of "Jingtai Limited" to Wan Jun.

Since the investment in "Jingtai Limited" was Wan Jun's personal ownership, Wan Jun did not pay the pfer price to the downhole operation office.

After a series of changes in capital and equity, in December 2009, Jingtai shares (formerly known as Jingtai Limited) became an enterprise controlled by the Wan Jun family.

After the issue of shares, Wan Jun himself held 55.26% stake.

Can the four words "Daqing Oilfield" be preserved?

Since Jingtai shares are not state owned, can we still retain four words in the company name, "Daqing Oilfield"?

Xie Xia, managing lawyer of Jingtai IPO, told reporters that the name of "Daqing Oilfield" has been taken into account in the preparation process of IPO, "you can see the pre disclosure document in detail".

According to relevant documents, Jingtai shares explained that the predecessor of the company (well Thai limited) had been named "Daqing oil field". According to the issuer's overall allocation of assets, the system was approved: after the restructuring, the company's policies in the Bureau of Daqing Petroleum Administration continued to enjoy the qualification and entry of enterprises.

Therefore, the name of the company remains unchanged after its restructuring.

In addition, the document also shows that since the completion of the restructuring of Jingtai shares, it has continued to carry out business with other Daqing Oil Field Co and PetroChina enterprises, and they have never raised any objection to the title "Daqing oil field".

Jingtai shares acknowledged that the words "Daqing Oilfield" played a certain role in promoting the company's business.

In fact, the reporters also read from the pre disclosure documents that the customers of Jingtai shares were mainly subordinate to Daqing oilfield and Jilin oilfield. In 2008 ~2010, the share of Jingtai shares from PetroChina accounted for the proportion of its current revenue from 39.45% to 91.1%.

Jingtai shares also said, "there is a relatively high risk of customer concentration."

Daqing oilfield said in an interview with our reporter that the title issue needs further understanding with the Daqing oil field regulatory department.

A lawyer who did not want to be named in Shanghai said that if it was a newly established enterprise, the use of "Daqing oil field" might infringe the reputation right of "Daqing oil field".

But the particularity of Jingtai shares is that it used to be a restructured enterprise in Daqing oilfield, and Daqing oilfield sold shares to it. "When it sells shares, it may include tangible assets and intangible assets."

The lawyer pointed out that the four words of "Daqing Oilfield" have credibility in the society.

"For example, for example, in the same way of bidding, some tendering owners may mistakenly believe that" Daqing oil well Jingtai shares "is an enterprise of PetroChina, which may affect the tender results, and maybe there may be unfair competition.

Another Daqing Securities researcher, who declined to be named, said: "Daqing can be regarded as a place name.

If the four words of Daqing oilfield are crowned, it may not be beneficial for the company to carry out business in other areas. "