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Ministry of railways to repay the debt over ten billion north and south China ca

South 9 billion refinancing plan car by official reply
According to the Oriental morning post news, China southern railway Co., LTD on October 31 night announcement said the non-public scheme for the agreed to under the administration yesterday. So far, China southern railway and China north car company limited financing schemes are already get again under the administration agree.
China southern railway group the non-public issuance of stocks scheme of shareholders' meeting is needed to get passed, and required to obtain the China securities regulatory commission for approval of may only be implemented.
According to published after the plan, the company to plan the include south, no more than the car group 10 issued a specific object no more than 1.963 billion shares to raise funds total will not more than 9 billion yuan. The plan to raise funds for the heavy rail traffic equipment industrialization and extension services, inter-city subway vehicle maintenance base city rail and service network construction projects, and promote the enterprise the ability of independent innovation projects, industrial chain extension services and new business development projects and working capital supplementation.
China southern railway refinancing hiccup several schemes.
In June this year, China southern railway to the announcement controlling shareholders car group and the south of social security fund their directional financing 6 billion and 5 billion yuan.
However, the "7 · 23" accident, the effects of the south China car with "recently took a major railway traffic accident, and the United States Treasury bonds to the market of the bad influence of the" for, issued in September, fixed the previous refinancing plan. Financing scale from 11 billion yuan to 9 billion yuan of shrinkage, shares from RMB 6.02 per share price down to $4.46 per share, and secondary object increased to 10.
China southern railway published yesterday says, will be held on November 7, the general meeting of shareholders for discussion the refinancing new plan.
And as China southern railway, China north car financing plan again in late October 24 public announcement won the rights to the state council said state-owned assets supervision, the plan last month 25, the shareholders' meeting held on high ticket through, at present is to the CSRC for approval.
So far, China southern railway and China north car financing scheme revised again are obtained under the administration of the release. In the north of China car shareholders high ticket through refinancing plan, China southern railway refinancing plan or has set up a file in the "sensible".
Through the shareholders' meeting, after the south China car and China north car refinancing accept the audit of the CSRC. And last weekend, construction bank (601939) the President GuoShuQing just as chairman of the China securities.
The first batch of 6 billion received payments
At the same time, China southern railway still issued announcement said last night, October 31, mor received nearly RMB 6 billion accounts sales of goods, this will to improve the financial status causing a positive effect.
According to the south China car three quarterly reports, this company by the end of the season this year three accounts receivable for the year added up to 23.915 billion yuan to 35.093 billion yuan, the main reason is the accounts receivable sales income increase with the natural growth, and main customer hysteresis the payment.
China southern railway, the chairman of the board of ZhaoXiaoGang had earlier said that at present Chinese railway ministry to be about of the south car market, 50% of the macroeconomic impact by, since this year railway the payment to sent many than in years past, top are actively coordinate bank loans and financing and railway. In addition, general mor payment is concentrated in fourth quarter, these has formed DuoNian practice, to November and December, centralized payment, this year railway from November to December a repayment plan.
From south China car yesterday announcement look, the Chinese railway ministry debt ability increases. Data shows, last month, mor just successfully issued a two total 40 billion yuan of railway debt.
Cao steel says, railway equipment manufacturing enterprise business settlement has its inherent characteristics, four quarter payment concentrate, this has formed DuoNian practices. With the latest senior are actively coordinate bank loans and financing and railway. In this context, in the south of China railway car payment, expected in November to 12 months, will speed up the payments.
The first car owe 4.5 billion north received
According to the 21 st century economic news reports, mor relevant personage also confirmed that the north China car to the payment of 4.5 billion accounts payable. The car is the south capital more than 10 cars north, "because the car of the money you owe the south more than north car




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