The base price was reduced to 2.378 million yuan, and Chengdu China Railway was listed to transfer 8.2% of Tianying Cement.

2024-03-07 09:53:36

Chengdu China Railway Southwest International Logistics Co., Ltd. listed and transferred 8.1953% equity of Sichuan Tianying Cement Co., Ltd. with a transfer base price of 2.37771 million yuan.

On March 7, Chengdu China Railway Southwest International Logistics Co., Ltd. (Hereinafter referred to as "China Railway Southwest International Logistics") listed and transferred 8.1953% of Sichuan Tianying Cement Co., Ltd. (Hereinafter referred to as "Tianying Cement") according to the National Property Rights Industry Information Integrated Service Platform, with a transfer base price of 2.37771 million yuan and a transfer base price of 2.37771 million yuan. The disclosure start date is from March 1, 2024 to March 28, 2024.

It is understood that Tianying Cement was established on December 16, 1993, with a registered capital of about 7.4433 million yuan. Its legal representative is Ye Zheng. Its business scope includes: sales of building materials (except timber); wholesale and retail of hardware, electricity (except radio transmission equipment), chemical products, etc. At present, its major shareholder is Zhang Jiasheng, holding 27.18% of the shares; China Railway Southwest International Logistics holds 8.1953% of the shares.

It is reported that in 2023, the operating income of Sichuan Tianying Cement Co., Ltd. was 534900 yuan, the operating profit was 984300 yuan, the net profit was 984300 yuan, the total assets were 63.739 million yuan, and the total liabilities were 4.8133 million yuan.

It is understood that China Railway Southwest International Logistics was established on March 21, 2000, with a registered capital of about 356 million yuan and a legal representative of Zhou Yuxin. At present, it is 100% owned by China Railway Chengdu Bureau Group Co., Ltd. China Railway Chengdu Bureau Group is 100% owned by China National Railway Group Co., Ltd. The latter is 100% owned by the State-owned Assets Supervision and Administration Commission of the State Council.

It is reported that on January 22 this year, Chengdu China Railway Southwest International Logistics was listed to transfer 8.2% of Tianying Cement. At that time, the transfer base price was 2.6419 million yuan, and now the transfer base price has further dropped to 2.37771 million yuan.

Cement industry has serious overcapacity, the impact of peak staggering production on the supply side has declined significantly, the "competition and cooperation relationship" formed over the years has broken down, and the pressure of industry operation has doubled. China Cement Network helps the upstream and downstream enterprises in the cement industry chain to strengthen cooperation and cooperation from the perspectives of supply, demand, macro-economy, technological progress and industrial upgrading, and jointly promote the cement industry to get out of the predicament and face the new cycle.

On March 28-29, China Cement Network will hold the " 13th China Cement Industry Summit and TOP100 Award Ceremony " in Hangzhou, during which awards will be given to top 100 cement and supplier enterprises, and experts and scholars will be invited. China Railway and other construction units jointly discuss the new development trend of the cement industry in the future, and work together to create the future!

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Adani is also a big man in the Indian cement industry and is the second largest cement producer in India. He entered the industry in 2022 with the acquisition of Holcim's cement business in India, which acquired about 70 million tons of cement per year for $10.5 billion. Adani plans to expand its annual cement production capacity to 140 million tons by 2028. Adani has previously invested $1.6 billion to acquire Sanchi Cement and Penna Cement, and is expected to acquire an additional 21 million tons of production capacity.