Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News Rongsheng expands again: takes stake in Zhejiang Petroleum Center, petrochemical project receives 50 billion financing from Agricultural Bank of China

Rongsheng expands again: takes stake in Zhejiang Petroleum Center, petrochemical project receives 50 billion financing from Agricultural Bank of China



The Beijing News reporter learned that a company called Zhejiang International Oil and Gas Trading Center Co., Ltd. has recently undergone industrial and commercial changes, and Zhejiang Rongsheng Holding Group…

The Beijing News reporter learned that a company called Zhejiang International Oil and Gas Trading Center Co., Ltd. has recently undergone industrial and commercial changes, and Zhejiang Rongsheng Holding Group Co., Ltd. has taken a stake.

Industrial and commercial information shows that Zhejiang Petroleum Center currently has four shareholders, namely Zhejiang Rongsheng Holding Group Co., Ltd., Zhoushan Marine Industry Cluster Construction (Group) Co., Ltd., Zhejiang Zhongnan Petrochemical Energy Co., Ltd., and Zhejiang Materials Industry Holdings (Group) Co., Ltd.

The Beijing News reporter has not yet learned the shareholding ratios of the above four shareholders. The amount of capital subscribed.

Among the four shareholders, Rongsheng Group is the latest shareholder to invest.

On November 11, 2019, Zhoushan Zhejiang Oil Investment Management Partnership (Limited Partnership) withdrew from the list of shareholders of Zhejiang Oil Center. On the same day, Rongsheng Group became a new shareholder of Zhejiang Oil Center,

The other three shareholders of Zhejiang Petroleum Center are Zhoushan Marine Industry Cluster Construction (Group) Co., Ltd., Zhejiang Zhongnan Petrochemical Energy Co., Ltd., and Zhejiang Materials Industry Holdings (Group) Co., Ltd.

Among them, Zhoushan Marine Industry Cluster Development and Construction (Group) Co., Ltd. has Zhejiang Three shareholders: Zhoushan Islands New Area Marine Industry Cluster Management Committee, CDB Development Fund Co., Ltd., and CCB Trust Co., Ltd. hold 85.33%, 14%, and 0.67% of the shares respectively, with subscribed capital contributions of 1.28 billion yuan and 2.1 billion respectively. 100 million yuan, 10 million yuan. China Development Bank Development Fund Co., Ltd. is a wholly-owned subsidiary of China Development Bank, while CCB Trust Co., Ltd. is 67% owned by China Construction Bank Corporation.

Zhejiang Zhongnan Petrochemical Energy Co., Ltd. is a wholly-owned subsidiary of Zhejiang Zhongnan Holding Group Co., Ltd., with a 100% shareholding ratio and a subscribed capital contribution of 100 million yuan. Zhejiang Zhongnan Holding Group Co., Ltd. has two shareholders, Wu Jianrong and Shi Fengxiang, with shareholding ratios of 90% and 10% respectively, and subscribed capital contributions of 135 million yuan and 15 million yuan respectively.

Zhejiang Wuchan Industrial Holdings (Group) Co., Ltd. is a wholly-owned subsidiary of Wuchan Zhongda Group Co., Ltd., with a 100% shareholding ratio and a subscribed capital contribution of 500 million yuan. According to the official website of Wuchan Zhongda Group, the company was restructured into a group company in 1996 and has more than 390 member companies at all levels and nearly 20,000 employees. In 2015, Wuchan Zhongda completed the mixed ownership reform and achieved overall listing.

Industrial and commercial information shows that the Zhejiang Petroleum Center was established on May 12, 2015 with a registered capital of 100 million yuan. Its business scope includes the provision of petroleum and its derivatives, natural gas, chemical raw materials and products (except for monitoring chemicals , fireworks and firecrackers, civilian explosives, precursor chemicals) bulk commodity trading platform services, etc.

The official website of Zhejiang Petroleum Center shows that the company was established in May 2015. Wuchan Zhongda Group, one of the top 500 state-owned listed companies in Zhejiang Province and jointly established by the Zhoushan Municipal Government, is the only trading venue in the province approved by the Zhejiang Provincial People’s Government that specializes in petrochemical product trading services. As the main body undertaking the construction of the international oil trading center in the “one center, three bases and one demonstration zone” development plan of the Zhejiang Pilot Free Trade Zone, the Zhejiang Petroleum Center actively plans innovative development and proactively integrates into the national strategy.

In addition, the official website of Rongsheng Group shows that Rongsheng Petrochemical will open in 10 At the Third World Oil Dealers Conference held on September 17, the progress of the construction of Zhejiang Petrochemical’s 40 million tons/year refining and chemical integration project was demonstrated to international oil traders. At this conference, 5 Zhejiang Petrochemical projects were signed, involving The amount is 30.818 billion yuan.

Industrial and commercial information shows that the registered capital of Zhejiang Petrochemical Co., Ltd. is as high as 33.8 billion yuan. Founded on June 18, 2015, the shareholders are Rongsheng Petrochemical Co., Ltd., Zhejiang Juhua Investment Co., Ltd., Zhejiang Tongkun Investment Co., Ltd., and Zhoushan Marine Comprehensive Development Investment Co., Ltd. The shareholding ratios of the above four shareholders are 51%, 20%, 20%, and 9% respectively, and the subscribed capital contributions are 19.788 billion yuan, 7.76 billion yuan, 7.76 billion yuan, and 3.492 billion yuan respectively.

The 40 million tons/year refining and chemical integration project responsible for Zhejiang Petrochemical Co., Ltd. is controlled by private enterprises and participated by state-owned enterprises. my country’s energy system reform is also a supply-side structural reform.�The key project is known as the largest investment project in the history of Chinese private enterprises, with a total investment of 173 billion yuan.

Rongsheng Group was founded in 1989 and has developed into a petrochemical and chemical fiber company. It ranks 143rd among the top 500 Chinese enterprises, 33rd among the top 500 Chinese private enterprises, and 2nd among the top 100 Chinese petroleum and chemical private enterprises. At present, the group owns several listed companies such as Rongsheng Petrochemical (stock code: 002493) and Ningbo United (stock code: 600051). The listed industries involve petrochemicals, real estate and other fields.

By 2020, achieve operating income of 200 billion yuan and profits and taxes of 20 billion yuan. This is the business goal disclosed by Zhejiang Rongsheng Group on its official website.

In order to provide financial support for expansion, Rongsheng frequently forms alliances with financial institutions.

Rongsheng official website shows that on August 15, the Rongsheng Group Party Committee and The signing ceremony of the Bank-Enterprise Party Building Alliance of Xiaoshan Rural Commercial Bank Party Committee was held. Lin Shiyi, President of Rural Commercial Bank, issued a 3 billion credit letter to Li Cai’e, Vice President of the Group.

In October this year, Rongsheng Group and Minsheng Bank signed a comprehensive strategic cooperation agreement. Establish a strategic partnership and enter a new stage of comprehensive cooperation between banks and enterprises.

On November 22, Rongsheng Petrochemical announced that the company would be open to qualified investors The issuance of green corporate bonds of no more than RMB 4 billion has been approved by the China Securities Regulatory Commission. The company’s public issuance of green corporate bonds (first phase) to qualified investors in 2019 will not exceed RMB 1 billion. The current issue has been finally determined. The coupon rate of the bond is 5.42%.

According to a report from the official media Yueqing Daily on November 13, at the World Zhejiang Entrepreneurs Conference On the same day, the Zhejiang Branch of the Agricultural Bank of China provided Zhejiang Petrochemical Co., Ltd. with a total of 50 billion yuan of intended financing for the 40 million tons/year refining and chemical integration project during the subsequent construction period. This was also the first day of this World Zhejiang Entrepreneurs Conference The project with the largest contract amount.

The Beijing News reporter found that at the end of 2018, Zhejiang Rongsheng Group’s liabilities The total amount was 101.425 billion yuan, with a debt ratio of 72%. By the first half of 2019, the debt exceeded 120 billion yuan, reaching 123.531 billion yuan, and the debt ratio rose to 75%.

</p

This article is from the Internet, does not represent Composite Fabric,bonded Fabric,Lamination Fabric position, reproduced please specify the source.https://www.tradetextile.com/archives/39621

Author: clsrich

 
Back to top
Home
News
Product
Application
Search