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| Fully prepared
projects and energetically involved enterprises ¨C plentiful and substantial
fruits of the provincial state-owned assets commission¡¯s absorbing
investment in Hongkong. |
| Anhui state-owned assets network
June 2 2004 |
¡®2004 Anhui¡¯s absorbing investment activities were conducted in
Hongkong on May 17 ¨C 20 2004. Headed by Yang Zhenchao, director of
the provincial state-owned assets commission, Chu Jianping, deputy
director, the sub-mission of merge and acquisition project participated
in the absorbing investment activities. Through joint efforts from
all parties, plentiful and substantial fruits have been acquired in
the activities. Total 10 merge and acquisition projects of state-owned
assets were signed with total investment of 1.48 billion US$. Foreign
capital introduced by agreement is 702 million UD$. The total investment
and foreign capital introduced by agreement respectively account for
38.3% and 28.7% of the whole province¡¯s.
In order to further deepen Anhui¡¯s state-owned enterprise reform,
and accelerate stock system reform, the provincial state-owned assets
commission took the work of absorbing investment in Hongkong as a
key one this year. Carefully organized and thoroughly arranged it.
Carefully selected 43 key projects of state-owned stock right transfer
and assets restructuring in machinery, chemistry, building material
and energy source, involving total capital stock of 420 million US$.
With a relatively good foundation, bright market prospects and good
estimated return on investment, the projects drew a high attention
and great interest from industrial and commercial circles in Hongkong
after they were issued. The 3-day absorbing investment activities
attracted enthusiastic talks with warm atmosphere. Opening and signing
ceremony of investment direction meeting was held in the morning on
May 18 2004. The sub-mission of the provincial state-owned assets
merge and acquisition project signed total 5 projects at once with
an project investment of 460 million US$, becoming in the spotlight
in the opening ceremony.
In the absorbing investment activities, Anhui provincial signed total
10 state-owned assets restructuring projects. Among them are 5 contract
projects. They are: ¡°Hefei ¨C Liuan ¨C Yeji¡± expressway construction
project signed between the provincial Communication Investment Group
Company and Hongkong Lujing Infrastructure Construction Company, Hefei
Logistics Center construction project signed between the provincial
Investment Group Company and China Overseas Logistics International
Company, natural gas development project signed between the provincial
Energy Source Group Company, Guofeng Group and Honekong Zhonghua Gas,
Xitangchi hotspring development and tourism commercial town construction
project signed between the provincial Tourism Group Company and Hongkong
Qishi International Group. 5 intention projects are: ¡°2020 project¡±
signed between Wanwei Group Company, Shenzhen Dafu Shirong Investment
Management Co., Ltd. and Shenzhen Shida Investment Management Co.,
Ltd., a project to organize Anhui Xuena Non-metal Material Co., Ltd.
in a joint-venture form signed between Wanbei Coal and Power Group
Company and Hongkong Yongmeng; Qidong 2x15mw Gangue Power Plant construction
project signed between Wanbei Coal and Power Group Company and Hongkong
Yueneng, cooperative construction project of Huainan Panji coal and
power integration project signed between Huainan Mining Industry Group
and Hongkong Zhonghua Electric Power. The provincial state-owned assets
commission also issued other projects as scheduled and had a deep
discussion with industrial and commercial circles in Hongkong and
laid a foundation for a following development of substantial cooperation.
During the absorbing investment activities in Hongkong, the provincial
state-owned assets commission also organized personnel from Anhui¡¯s
related enterprises to have visited some famous enterprises in Hongkong
and introduced the status quo of Anhui¡¯s economic growth and state-owned
enterprise reform in an all-around way, publicized Anhui¡¯s successful
examples and bright prospects of Wan (Anhui) Kong (Hongkong) cooperation
since China¡¯s reform and opening-up to the outside world, especially
since the CEPA implementation, and had a discussion about investment
issues in Anhui and strategic cooperation with famous entrepreneurs
of industrial and commercial circles in Hongkong. The entrepreneurs
in Hongkong who attended the discussion expressed, one after another,
that they will come to Anhui for further inspection and discussion
about strategic cooperation as Anhui has a good geographic position
and investment environment, rich resources, wide markets and strong
radial ability to surrounding provinces.
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