On July 8, reporters learned from Ali Assets that Hengli Heavy Industry Group Co., Ltd., a subsidiary of Hengli Group, spent 1.729 billion yuan to acquire the names of 13 companies including STX (Dalian) Shipbuilding Co., Ltd. (hereinafter referred to as “STX (Dalian)”). Lower assets.
Public information shows that STX (Dalian) is mainly engaged in shipbuilding, heavy industry, marine heavy industry, engines, heavy equipment, and metals. Its equipment manufacturing and shipbuilding industry technology levels have led the global industry. A debt crisis emerged in the first quarter of 2013, and it entered bankruptcy liquidation proceedings in March 2015. After nine years and more than ten auctions, all ended in failure, resulting in a large number of idle assets and waste of resources.
According to relevant personnel of Hengli Group, the acquisition of STX (Dalian) to build a high-end coastal equipment manufacturing base is an important measure to implement the Party Central Committee and the State Council to revitalize existing assets and expand effective investment. It is also an in-depth implementation of the country’s revitalization of Northeast China and the “One Belt” Another vivid practice of the “One Road” construction is also an important layout based on the good development prospects of the high-end equipment industry.
In May this year, the General Office of the State Council issued the “Opinions on Further Revitalizing Existing Assets and Expanding Effective Investment” (Guobanfa [2022] No. 19), emphasizing the need to focus on revitalizing assets with large existing scale, good current returns, or large growth potential. Infrastructure project assets, coordinate the revitalization of existing project assets with an organic combination of renovation and expansion, and orderly revitalize project assets that have been idle for a long time but have great development and utilization value, and encourage private enterprises to participate according to actual conditions.
As one of the world’s top 500 companies, Hengli has formed the development of the entire industry chain “from a drop of oil to a piece of cloth”. “Hengli Manufacturing” is widely recognized in the industry. In the business field, especially in the context of Hengli’s large refining and chemical industry , has extensive business intersection with STX (Dalian) shipbuilding, heavy industry, and marine heavy tools. Hengli’s acquisition of STX (Dalian) can realize the complementary advantages and coordinated development of petrochemical production and high-end coastal equipment manufacturing.
In recent years, green development has received more and more attention from the international community. Coupled with the proposal of domestic “double carbon” goals, the intelligent, integrated and modular development of the chemical equipment industry has become a general trend. At the same time, the chemical industry, as a strategic security industry in developed countries and a development engine in underdeveloped countries, will lead the high-end chemical equipment manufacturing industry to a broad development space with huge development potential.
After the completion of this acquisition, Hengli will take stabilizing the economy, maintaining growth and promoting development as its top priority, make full use of its advanced industrial chain and management concepts and other advantages, mobilize domestic and foreign high-end talents and industrial resources accumulated over the years, and advance Launch business sectors such as heavy equipment manufacturing, ship and marine engineering construction, and offshore module construction, and strive to build a world-class high-end coastal equipment manufacturing base.
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