Greenland Holdings:Successfully controlled Guangxi Construction Engineering, one of the largest mixed-use reform projects this year successfully landed
Today, Greenland Holdings (600606.SH) issued an announcement and successfully obtained 66%of the state-owned assets of Guangxi Construction Engineering for 3.576 billion yuan Equity has achieved a strategic shareholding in this leading provincial construction industry, which means that this year one of the country’s largest state-owned and state-owned enterprise mixed reform projects has been successfully implemented.
Guangxi Construction Engineering has become the first state-owned enterprise directly under the autonomous region of Guangxi that has integrated mixed reform at the group level. In order to strengthen the company’s development potential, Greenland and the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region will invest approximately 2.9 billion yuan and 1.5 billion yuan respectively through capital increase in the same proportion, increasing the registered capital of Guangxi Construction Engineering to approximately 5 billion yuan. Greenland will also make use of its own mixed reform experience and model advantages to continue to further promote the mixed reform of Guangxi Construction Industry. Greenland Holdings Chairman and President Zhang Yuliang pointed out that Guangxi Construction Engineering is one of the leading enterprises in western China. With the joint efforts of many parties, Greenland Promoting the successful implementation of one of the country’s largest state-owned and state-owned enterprise mixed reform projects this year will help further deepen the mixed ownership reform. Holding Guangxi Construction Engineering is conducive to promoting the rapid development of the large-scale greenfield infrastructure industry, and is conducive to the in-depth participation of Greenland in the Pan Pearl River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area Construction.
Successfully controlling Guangxi Construction Engineering through mixed reform is the”greenfield mixed reform model” participating in the mixed reform of central enterprises and local state-owned enterprises, with the largest scale of the target so far. It is conducive to promoting the rapid development of the greenfield infrastructure industry.
In recent years, greenfield real estate, infrastructure, consumption, finance, health, science and technology and other industries have been fully implemented in Guangxi, successively in Nanning, Yulin, Qinzhou, Wuzhou and other places have invested and developed a series of urban function and industry-city integration projects, with an investment of more than 40 billion yuan. At the beginning of this year, Greenland and Guangxi signed a comprehensive strategic cooperation agreement, covering”six major areas”, and finalized a total investment of more than 100 billion yuan in the next five years.