CLP brewing Putian Information Industry restructuring is expected to resume merger

China's information industry restructuring state-owned enterprise groups, the two templates - China Electronics Corporation (the "CLP") and China Putian Group (hereinafter referred to as "Celebration") is preparing to merge.

According to publicly available information, the end of 2003, total assets of CLP 396 billion yuan, Putian to 33.74 billion yuan. Once the merger of the two sides will play more than 70 billion yuan create a large-scale enterprise groups.

Yesterday (8), the reporter interviewed several senior Putian, they all heard that really matter, but details unclear.

SAC Planning Board told a reporter earlier this year before the Spring Festival, the SAC discussed in internal meetings the issue of electronic manufacturing industry restructuring, consolidation of state assets hope to achieve manufacturing economies of scale. He said: "This year, the operation industry and electronics industry restructuring is the decision-making optimization of the two ideas."

It is also in this line of thinking, this year in April, the SASAC started brewing two specific information on the feasibility of merging industry giants.

It is reported that as part of restructuring, SASAC and the relevant departments are the selection of new business group leader, has also been a preliminary delineation of several candidates. Among them, the deputy director of the State Council Information Office Chen Dawei is likely to take over the helm of one. David Chen previously served as vice governor of Guizhou Province, in charge of information industry to work in the field with considerable experience and ability.

Restructuring state-owned enterprises combined to save market

National Development and Reform Commission, an official said, the SAC program eventually take the merger, mainly because of Putian and CLP's own restructuring process has been delayed due.

He said the former president of Putian Ouyangzhongmou in office, had hoped to withdraw all of Prudential's two legal entities, which become a legal person, to strengthen the Group's control of power. At that time, he urged the integration of the same brand of measures from the Bird, Eastcom, Capitel and other powerful enterprise start.

Later appointed Xing Wei, the "controversial and had little effect in the mode of operation is not keen." July 2004, Xing Wei, the pilot reform of the 14 delineated by a wholly owned companies are Putian, "as wholly owned, the resistance within the knife can be minimized."

"These ideas are 'a thunder without rain''. From the internal point of view, the stagnant status quo so that staff confidence has been shaken; view from the outside world, has been subjected to' internal operation is still in the stage of negative evaluation'', etc. impact. "

Macroeconomic Research Institute of NDRC experts WANG Xue-qing, said, "Celebration of the root body for restructuring similar to the industry cluster, the three issues must be resolved before the restructuring: subordinate status of the different subsidiaries operate; property complex; restructuring varies. "

Ministry of Information Industry Policy and Regulation Department, an official of that, even if the details of the program eventually will be, due to their numerous subsidiaries, the interests involved in all aspects of the operation very difficult.

Currently, Prudential has the most focus on three business unit. A high-level sources in Putian, Putian announced the formation of three business after the official launch of its operations has, in personnel, recruitment will be based society in the past two months, basically completed the appointment and dismissal of cadres.

The executives believe that "internal restructuring and is now operational, personnel, rapid on-line, it makes Putian possible merger in the future have certain advantages."

However, the details can not be ignored is that in the end of last year and announced 49 confirmed SAC central enterprise owners (first) list, Putian accident get the job, the CLP will top the popular list.

Who has held senior positions in the power of knowledge believe that the similarities between the CLP and Putian too many: First of all, the same hands are heavy corporate restructuring, the same is to complete the head office to the enterprise management industry change; Secondly, has a dazzling similar resources, has been advocating diversification of the target market.

The source said that the difference between the two is very clear: The CLP is a state-owned asset management company, the main task for the responsible subordinates 36 wholly owned subsidiaries, 27 shareholding companies and six foreign holding company of increasing the value; by the Ministry of Information Industry has now been merged into the electronic department, Ministry of Posts and transfiguration from, although they could be from the same pulse, but emphasis Putian styles of integration of resources, highlighting the main industry.

While both belong to the same order of magnitude of the electron from the Department of the Ministry of Posts and Telecommunications, but in some degree, by the Prudential policy support for more. A CLP insider that "if the merger finalized, the largest positive side may be Putian, despite our diversity obvious advantage."

Re-letter sequence to start production

The industry believes that the SAC with the merger decision, the most likely reasons are not entirely state-owned enterprises from the two major issues at the main industry, but more consideration to the entire information industry, the re-allocation of resources.

"On the operation industry and manufacturing restructuring program has passed to submit phase, now in-house stage." CATR an authoritative source said that 2005 is the largest consolidation in the telecommunications industry. Operation industry and electronics manufacturing are the two re-optimization ideas, but compared to operators reorganization, the restructuring of electricity and Putian much easier.

The source told this reporter, the SAC in order to change the distribution of assets and the poor, Business of competition pattern of unreasonable and excessive integration of the three status of the phenomenon, co-ordination in the policy can not be based on only through the portfolio and complement each other to complete outstanding high-quality business and high-quality business, highlighting the core operating strengths, complete business integration three targets.

Under the guidance of this idea, Business of reorganization already have a clear outline for the outstanding quality corporate and business, China Mobile and China Telecom remained unchanged, two small carriers Railcom and Satcom is relatively easy to solve, left China Unicom and China Netcom is under.

The source said China Unicom's dual-network operation problems, CNC internal management, the background of the complex balance of high, international issues such as color reproduction is the main obstacle to re-operation industry. In addition, as a listed company, but also to safeguard the interests of small shareholders to address the potential relevance to the capital market transactions and to avoid over-speculation during the re-occurrence.

"E-manufacturing, and operations are somewhat similar, but more important is the main industry is facing the manufacturing sector is not prominent, structural contradictions and conflict, the danger strong competitors, production capacity combined with internal friction can be avoided."

"The Business of the importance of the inevitable adjustment in the manufacturing industry before." The source said, this is a typical electronic manufacturing two - in combined electric and Putian important reason for delays in progress.






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