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Bao Wu re set to the production capacity of Baosteel said the completion of 2 years before the end o borderland

Bao Wu re schedule to the production capacity of Baosteel said before the end of 2 years to complete the task of China Times reporter Wang Haichun Shanghai reported October 10th Baosteel, Wuhan Iron and Steel shares of the company will resume trading two. However, on the eve of the resumption of trading, the two large steel enterprises with Baosteel and Wuhan Iron and steel enterprises on the occasion, but had received the relevant departments of the letter of inquiry. After the reorganization, to the production capacity of the task? For Bao Wu reorganization, shortly before the Shanghai Stock Exchange issued the letter of inquiry, are involved in many aspects, including the capacity to. In addition, the inquiry letter also requested the parties to suck and defect and operation of capital property, Baosteel equity incentive plan to exit the relevant accounting treatment, and the impact on the company’s financial supplementary disclosure. The industry believes that the restructuring of the capacity to Bao Wu and the iron and steel enterprises hit a new road, there are no small significance, so it caused the exchange of information. Analysts believe that the Wu Bao listed company after the merger, will become the world’s iron and steel enterprises listed in crude steel output ranked third in the iron and steel giant. International rating agencies in September 29th but Moodie pointed out in the report, the operation and financial situation is relatively weak, may lower Baosteel financial capacity, Moodie believe that this has a negative impact on the integration of credit for baosteel. But Moodie also believes that as part of the reform of the supply side of the government, the restructuring will accelerate the production capacity, and enhance the competitiveness of iron and steel enterprises to survive, Baosteel Group and Wuhan Iron and Steel Group will benefit from the future. Accelerate the restructuring of the production capacity when the outside world of Baosteel and Wuhan Iron and steel restructuring on the occasion of the occasion, the integration of the two large domestic steel companies, causing the attention of the relevant regulatory authorities. In September 27th, Baosteel, Wuhan Iron and Steel Company (600019.SH) (600005.SH) announced that the company received the Shanghai letter of inquiry, further more detailed disclosure of the restructuring plan. In the letter of inquiry, the Shanghai stock exchange requires further disclosure of the contents of Baosteel and Wuhan Iron and steel, Baosteel and WISCO have reduced capacity of the task index. The Shanghai Stock Exchange inquiry, two company recently said to the media, according to Baosteel Group and Wuhan Iron and Steel Group, Yajian production responsibility requirements, Baosteel, Wuhan Iron and Steel shares in 2016 and 2017 respectively, Yajian 4 million 650 thousand tons of crude steel production capacity of 1 million 400 thousand tons. Baosteel and Wuhan Iron and Steel shares that will be in accordance with the requirements of Baosteel and Wuhan Iron and Steel Group Yajian production responsibility, in the time node requirements, according to the change of market environment and the development of its business objectives and tasks, to finish the steel production pressure drop, two compression capacity plans will not be affected by the merger. Strive for the completion of the above two years ahead of the end of 2016 to the production capacity target task." Baosteel said. Some analysts pointed out that the Bao Wu restructuring reason from the SSE letter of inquiry, to a certain extent will affect the iron and steel production capacity to the trend. "If the two companies to Wu Bao recombinant production target end, have a demonstration effect in the industry, other steel enterprises to production tasks may also be affected, also through the restructuring to avoid to capacity. Ruo Baowu as the leading steel enterprises strong combination, still want to capacity, then the other steel enterprises will not dodge capacity to reason. Therefore, the iron and steel industry, Po Wu to the production capacity will really be implemented in place.相关的主题文章: