As the old saying goes, "backed by a good shade tree." Favorable capital markets continue to incorporate parts of the central enterprises listed companies, the logic behind it is: where will the central enterprises listed companies after the White brings strong financial and marketing network, and many other support, is likely to have assets into such behavior, will strongly improve local performance of listed companies and investment value. However, this logic is sometimes not fully established, backed by trees sometimes no cold can take.
* ST Guanlu announced in October 2008, the company's largest shareholder Shanxi Guanlu Group Co., Ltd. held 29.9% of companies state-owned shares transfer to China Minmetals Corporation. China Minmetals Corporation 19,536.6600 shares held shares, paper tissue the company's total share capital of 65,340 shares of 29.9% for the company's largest shareholder.
Minmetals entered off aluminum, has been highly sought after capital market. At that time, analysts believe that China Minmetals Group, White will break the bottleneck in the development company, Minmetals strong strength development of the company to resolve the current funding constraints, the process of promoting the company's projects and capacity expansion, and enhancing the overall company's business-grade, and improve the management level. More analyst said: "2009 is the year of turning off Chalco, Minmetals will bring future performance of White's take-off; and performance of the company in 2010 will be the year of the outbreak paper napkins , the relevant shares will be aluminum with a long-term investment value Aluminum Company. "
But obviously does not give off Minmetals Aluminum investors expected better, on the contrary the development of off leaving behind aluminum investors stunned. As the aluminum market downturn, Guanlu taking losses powerful Minmetals had no alternative. 2008 to 2010 off three consecutive losses of aluminum, wearing a hat in Phi Star suspended after the market slide into the abyss.
Minmetals White also did not give * ST bring timely changes in Tungsten. Since 2007 to 2009, losses for three consecutive years, * ST of tungsten in early April 2010, be suspended from listing.
June 2010, * ST released in tungsten, "Acquisition Report," said the Hunan SASAC Minmetals Group, Minmetals to the free transfer of the company held its 2% stake in Hunan Nonferrous Metals Group, so that the official CMN 51% of the equity holding percentage of Hunan Nonferrous Metals Group, and therefore indirectly controls * ST 35.28% interest in tungsten. Although the waterfront on the Minmetals, but * ST in tungsten is still difficult to change the fate of delisting. Minmetals acquisition report clearly pointed out in the next 12 months, no major restructuring of listed companies plan, the task of losses in W * ST still rely on their own to complete. This will undoubtedly * ST in air tungsten investors a joy.
Similar with Minmetals acquisition of some companies in the market share allocation experience, but who are not seized control of the new reality of listed companies "insensitive", the listed company or to rely on "self-reliance."
To invest in the textile (600,061), for example, in November 15, 2007 announcement that the controlling shareholder of China Textile Materials (Group) Corporation as a whole transferred to the State Development Investment Corporation, State Development & Investment Company becoming a wholly owned subsidiary . The actual control of the company into the State Development Investment Corporation. However, to date, the State Development Investment Corporation to add the so-called White imagination, do not have any clues.