Development and changes behind the renaming of environmental protection listed companies

Polaris Water Treatment Network News: As the opening drama of 20021capital market, on the evening of 22 October, 65438+1Chengfa Environment Co., Ltd. (hereinafter referred to as Chengfa Environment) announced that it intends to absorb and merge Environmental Technology Development Co., Ltd. (hereinafter referred to as Enlighten Environment) by issuing A shares. After the merger of the two, Chengfa Environment intends to change its name to Yellow River Environment Co., Ltd. (hereinafter referred to as Yellow River Environment). With the goal of ecological protection and high-quality development in the Yellow River Basin, it will build a new international environmental protection technology group integrating scientific and technological innovation platform and international environmental protection cooperation platform.

Not only the Yellow River environment, but also Xiamen Zhongchuang Environmental Protection Technology Co., Ltd. (hereinafter referred to as Zhongchuang Environmental Protection, stock code 300056). SZ), China Everbright Environment (Group) Co., Ltd. (hereinafter referred to as Everbright Environment), Yinqiao City Management Co., Ltd. (hereinafter referred to as Yinqiao Shares), and Zhongzhi Environmental Technology Co., Ltd. (hereinafter referred to as Zhongzhi Shares) ... These seemingly unfamiliar environmental protection listed companies are actually not newly listed new shares, but.

"The name of the stock market is an important part of the intangible assets of listed companies." According to insiders, renaming has always been a hot spot in the A-share market. The so-called "above the slogan, pigs can fly." Why have many listed companies changed their names?

Major asset restructuring promotes in-depth development.

In the increasingly prosperous environmental protection industry market, the rise and fall of enterprises directly depends on their own strength. For environmental protection enterprises, besides endogenous growth, external mergers and acquisitions are the only way to grow. In recent years, the scale of environmental protection mergers and acquisitions has been expanding, which not only shaped leading enterprises, but also promoted the continuous maturity of the industry.

On 202 1, 1, 1 1, Chengfa Environment and Enlightening Environment both announced that Chengfa Environment was planning to issue A shares to all shareholders of Enlightening Environment, exchange shares to absorb and merge Enlightening Environment and issue A shares to raise matching funds.

65438+1On the evening of October 22nd, Chengfa Environment announced that it planned to absorb the merger environment by issuing A shares.

Yi Hua, secretary of the board of directors of Chengfa Environment, said that if the merger is successful, the company's asset scale and the number of projects will increase substantially, and its business scope will expand from solid waste treatment to sewage treatment and urban sanitation. The superposition of investment professional management and technical advantages is expected to realize the strategic intention of opening up the national market.

It is reported that Chengfa Environment, as a state-owned listed company controlled by Henan Investment Group, is becoming an important platform and starting point for Henan Province to practice the construction of national ecological civilization to some extent. At present, Chengfa Environment not only coordinates the construction and operation of vein industrial park in Henan Province, but also extends its business to water supply, sanitation, environmental protection equipment manufacturing and other fields. After nearly three years of development, it has quickly become the first echelon of the domestic environmental protection industry, and has the advantages of professional management in investment, construction and operation, and is praised as "a dark horse" by the industry.

Enlightening Environment is an environmental protection listed company under Tsinghua University, which has domestic leading achievements and experience in scientific research, development and technological innovation. The main business of the two parties involves solid waste treatment, water supply, sanitation, environmental protection equipment manufacturing and other fields, with strong industrial synergy and complementary advantages. After the reorganization, it is expected to realize the comprehensive integration in the field of environmental protection, and form the competitive advantage of the whole industrial chain integrating environmental protection R&D with manufacturing, engineering construction and operation management.

After the completion of this transaction, the Yellow River environment will broaden the development space and plant new advantages. In the future, we will support a large number of environmental protection investment projects with larger assets, and improve the level of environmental protection governance with better "professional management+technical services" capabilities. At the same time, it will also create a new "business card" for Henan to serve the ecological protection and high-quality development of the Yellow River Basin with stronger industry competitiveness, and strive to make greater contributions to "making the Yellow River a happy river for the benefit of the people".

According to industry insiders, if the transaction is successfully completed, the total assets of the restructured Chengfa environment will reach 56.29 billion yuan. By then, its assets will rank in the forefront of A-share listed companies in the environmental protection industry and become a leading enterprise in the industry, which will directly rewrite the competition pattern in the environmental protection industry.

In fact, this is the fourth time that Chengfa Environment has announced that it intends to change its name. The previous three times have been renamed successfully, and this time it is only about two months since the last successful renaming.

On the evening of August 3, 2020, Kloc-0, Henan Chengfa Environment Co., Ltd. issued a notice on changing the company name and amending the articles of association, saying that in order to meet the needs of national and international development of Chengfa Environment, it is planned to change the company's industrial and commercial registration name from Henan Chengfa Environment Co., Ltd. to Chengfa Environment Co., Ltd.

165438+ 10 17, Chengfa Environment announced that the company's industrial and commercial registration name was changed from Henan Chengfa Environment Co., Ltd., and the registration procedures for changing its name and increasing its registered capital have been completed recently, and it has obtained a business license from Henan Provincial Market Supervision Administration.

According to the data, the company was established by Luoyang Chundu Group Co., Ltd. with the approval of Henan Provincial People's Government. On July 27, 2007, the company name was changed from Luoyang Chundu Food Co., Ltd. to Henan Tongli Cement Co., Ltd., and on August 8, 20 18, due to the adjustment of development strategy, the company name was changed from Henan Tongli Cement Co., Ltd. to Henan Chengfa Environment Co., Ltd.

After the first two name changes, the business scope of the company has changed, mainly as follows: investment, construction, operation and management of environmental and public utilities projects; Urban water supply and drainage, comprehensive sewage treatment, reclaimed water utilization and sludge treatment; Thermal energy production and supply; Garbage power generation; Technology research and development, equipment manufacturing and sales, engineering design and general contracting construction, project management, engineering consulting and technical services in the fields of water pollution control, atmospheric environment control, soil control, solid waste control, kitchen waste treatment, comprehensive utilization of resources, ecological engineering and ecological restoration; Municipal infrastructure construction; Ecological engineering and ecological restoration; Seedling planting; Landscape design; Landscape engineering and garden maintenance; Domestic trade; Projects that are subject to approval according to law can only carry out business activities after being approved by relevant departments.

After the third name change, on the basis of the above, the business scope has increased the investment, construction and operation of expressways and municipal infrastructure, and the registered capital has increased to 642,078,255 yuan.

On June 23, 2020, 165438+ Chengfa Environment established a wholly-owned subsidiary in Beijing, and put forward the development strategy of "double headquarters", positioning the business of Beijing headquarters as market development, international business, brand promotion, capital operation, mergers and acquisitions, and project investment outside the province.

According to industry insiders, when an enterprise develops to a certain stage, M&A is an important way to become bigger and stronger quickly. In urban development, environmental actions occur frequently. Will this harnessing of the Yellow River Basin become the next Yangtze River Environmental Protection Group?

The equity dispute is over, showing a new look.

In recent years, equity wars of listed companies in the capital market have frequently occurred, and events such as placards and equity disputes have occurred from time to time. Competing for the equity of listed companies seems to be optimistic about the future of enterprises, but the competition among shareholders is endless, and listed companies are the "most injured".

According to industry insiders, the equity dispute of listed companies is like a drama with ups and downs. However, the "Gong Dou" storm of listed companies is over, and most of them are left behind. Every infighting among shareholders has almost laid a hidden danger for the performance impact.

Xiamen Sanwei Silk Environmental Protection Co., Ltd. (hereinafter referred to as Sanwei Silk) is one of the environmental protection listed companies that changed its name because of the equity dispute.

20 16165438+1October 14, and the announcement of the resolution of the second extraordinary shareholders' meeting in 2016 released by 3D Silk showed that Luo and Luo Honghua were removed from their positions as directors of the third board of directors. Subsequently, the 16th meeting of the third board of directors decided that Luo would no longer be the general manager of the company.

Subsequently, Luo Honghua filed a lawsuit against Sanwei Silk. 201165438+2065438+1October 3rd, 3D Silk successively announced that Luo Honghua had sued to cancel the resolution of the second extraordinary shareholders' meeting in 20 16 and the resolution of the 16th meeting of the third board of directors. Luo Honghua believes that the contents of the resolutions of the shareholders' meeting and the convening and convening procedures of the board of directors violate the provisions of the Articles of Association.

At the same time, the company's operating performance has also been hit hard. In 2065438+2008, the performance of 3D Silk was the biggest loss since its listing. During the reporting period, the company achieved sales income of 7,864,965,438+0.6 million yuan, down 39.92% year-on-year; The net profit attributable to shareholders of listed companies was RMB 429,359,5438+0,000, a decrease of 65,438+065,438+05,438+09.65% compared with the same period of last year; The net cash flow from operating activities was RMB 2,654,380,608,700, down 88.42% year-on-year.

In this regard, three-dimensional silk said that the company's equity is relatively scattered, and the company currently has no controlling shareholder and no actual controller. Decentralization of the company's equity is beneficial for shareholders to make democratic decisions on major issues of the company, but if shareholders disagree, it will also reduce the efficiency of the shareholders' meeting in making decisions on major issues, affect the stability of the company's management, and thus bring potential risks to the company's production, operation and development.

On June 7, 2020,65438, Sanwei Silk announced that it planned to change the company name "Xiamen Sanwei Silk Environmental Protection Co., Ltd." to "Xiamen Zhongchuang Environmental Protection Technology Co., Ltd.", and the company abbreviation was also changed from "Sanwei Silk" to "Zhongchuang Environmental Protection", and the company's securities code remained unchanged.

On February 9, 2020, approved by Shenzhen Stock Exchange, the secondary market "3D Silk" was officially renamed as "Zhongchuang Environmental Protection".

Second, the meaning of "creation" is profound and suitable for the present situation of the company. The word "creation" comes from the Book of Changes, which means that the company adheres to the concept of "don't forget your initiative and abide by the rules". "Creation" means "creation" and "entrepreneurship", which is intended to convey to the market that all employees of the company will work hard as entrepreneurs and will not be bound by historical burdens.

Iii. On February 23, 20 19, the company disclosed the Announcement on the Signing of Share Transfer Agreement and Termination of Voting Entrustment Agreement by Major Shareholders and Changes of Controlling Shareholders and Actual Controllers of the Company. After the share transfer is completed, Shanghai Zhongchuang Ling Xing Energy Technology Group Co., Ltd. (hereinafter referred to as Shanghai Zhongchuang) holds 9.65% of the shares of the company/kloc-0. Shanghai Zhongchuang's shareholding and voting rights ratio far exceeds that of other major shareholders combined. The voting rights owned by Shanghai Zhongchuang can have a significant impact on the resolutions of the company's shareholders' meeting. Wang Guanghui, the actual controller of Shanghai Zhongchuang, has been the chairman and legal representative of the company since August 18. Shanghai Zhongchuang will become the controlling shareholder of the company, and Wang Guanghui and Song Anfang will become the actual controllers.

Three-dimensional silk said that in this case, modifying the company's full name, securities abbreviation, foreign name and foreign name abbreviation will help to clean up the source and send a positive message to the market: the company has bid farewell to the past and will take on a new look.

Focus on business priorities and highlight development strategies.

"Some companies choose to change their names, which reflects the management's thinking and attitude towards the company's development strategy and future vision." According to the analysis of insiders, from the announcement of renaming, such renaming can be roughly divided into two situations: "generalization" or "focus".

As far as the name change of "focus" is concerned, it is mainly because the advantages of the main business are becoming more and more prominent in the development, or the business is more focused on a certain segment, and then the recognition is increased by renaming, indicating the determination to continue to deepen in related industries.

On September 6th, 2020, Everbright Environment announced that, following the special resolution on changing the company name passed at the recent special shareholders' meeting, the company recently obtained the certificate of company name change issued by the Hong Kong Companies Registry, and the company name was changed from "China Everbright International Co., Ltd." to "China Everbright Environment (Group) Co., Ltd.", which took effect on September 10th.

Since 9: 00am on September 22nd, 2020, the short name of China stock of the Company's securities traded on The Stock Exchange of Hong Kong Limited has been changed from "China Everbright International" to "Everbright Environment" (the short name of English stock has been changed from "China EB INT'L" to "EB Environment"), and the stock code remains unchanged. The company website has also been changed from ""to "",which will take effect on June 5, 2020.

"The purpose of changing the company name and logo this time is to highlight the business focus and development direction of Everbright Environment more intuitively and better support the rapid development of the company." Wang Tianyi, CEO of Everbright Environment, said that the special resolution of renaming the company was passed by a high vote at the special shareholders' meeting, which reflected the high recognition and support of the company's shareholders for the company's focus on environmental protection.

It is reported that Everbright Environment has gradually established a "trinity" development pattern of environment, resources and energy since it set foot in the field of environmental protection in 2003. Its main businesses are garbage power generation and co-disposal, biomass power generation, hazardous waste and solid waste treatment, environmental restoration, sewage treatment, reclaimed water reuse, water supply, watershed management, equipment manufacturing, garbage sorting, environmental sanitation integration, resource recycling and the construction of a "waste-free city".

By June 30, 2020, the company has implemented more than 430 environmental protection projects with a total investment of over 654.38+03 billion yuan, covering more than 654.38+090 regions in 23 provinces (autonomous regions and municipalities) of China, and its business layout is in German, Polish and Vietnamese markets.

Fu, member of the Party Committee and deputy general manager of Everbright Group, said that the renaming of Everbright Environment is an important step in the brand building of Everbright Group, an important measure to optimize the brand image, shape the brand system and enhance the brand value of Everbright Group, which will more intuitively reflect the development direction and business focus of Everbright Environment and better support the sustainable development of the company. It is hoped that Everbright Environment will assume the responsibility of the core enterprise of environmental protection E SBU of Everbright Group, make unremitting efforts to maintain green mountains and green waters, create a livable environment, and help beautiful China and the construction of ecological civilization.

Wang Tianyi said that Everbright Environment will follow the "4-3-3" strategic deployment of Everbright Group and the overall requirements of "deepening reform and steady development", take value creation as the core, practice new development concepts, promote high-quality development, and make unremitting efforts to develop into a leading global ecological environment group.

"Looking forward to the future, Everbright Environment will firmly devote itself to the big environmental field with a new name and a better posture, maintain its strategic strength, and calmly cope with various challenges and opportunities for future development." Wang Tianyi said that Everbright Environment will continue to push forward the "Three Five Eight Seven" development strategy, push the company's development to a new level, create better investment value and assume more social responsibilities.

Different from Everbright's environment, the renaming of OCBC and China Holdings focuses on strategy.

On May 8, 2020, China Holding Co., Ltd. announced that according to the actual situation of the company's operation and development, in order to reflect the company's strategic layout and development plan more comprehensively and accurately, the 33rd meeting of the second board of directors of the company reviewed and approved the Proposal on Changing the Company's Full Name, and the Chinese name of the company was changed from "China Holding Water Co., Ltd." to "China Holding Environmental Technology Co., Ltd.". At present, the company name has been approved by the State Administration of Market Supervision and obtained the enterprise name. The company's securities abbreviation and stock code remain unchanged.

On June 5438+February 1 1 day, 2020, Yinqiao Environmental Protection Technology Co., Ltd. (hereinafter referred to as Yinqiao Environmental Protection) held the 23rd meeting of the second board of directors, and deliberated and passed the Proposal on Proposed Change of Company Name, Securities Abbreviation and Amendment of Articles of Association.

On February 30, 65438, Yinqiao Environmental Protection completed the industrial and commercial change registration procedure of changing its name to "Yinqiao City Management Co., Ltd." and obtained the corresponding business license.

On February 3rd, 65438+KLOC-0/day, Yinqiao Environmental Protection announced that it agreed to change the company name from Yinqiao Environmental Protection Technology Co., Ltd. to Yinqiao City Management Co., Ltd., and the short name of securities was changed from Yinqiao Environmental Protection to Yinqiao Shares.

In this regard, Yinqiao shares said that the company's strategic positioning has always been "a service provider for comprehensive improvement of human settlements". After listing, the company upgraded and implemented the two-wheel drive strategy of "big city housekeeper" and "environmental protection innovation technology" to further strengthen the coordinated development of the whole industry chain. Renaming is to more accurately reflect the nature of the company's main business, better reflect the company's core business development plan, and facilitate investors to understand the company's strategic direction and core competitiveness.

"This name change can more accurately reflect the business connotation and the strategic positioning of the company in the long-term planning." Shaoyun Liu, chairman and general manager of Yinqiao Environmental Protection, said that this is a major strategic decision made in line with the aspiration of hundreds of millions of people for a better life and the rigid demand of urban management, combined with its own business foundation and actual development trend. This strategic decision is another promotion, optimization and focus of OCBC's development strategy.

"During the Tenth Five-Year Plan period, the company will continuously optimize and improve the urban management level and service quality, and strive to build a comprehensive service brand of human settlements with high efficiency, high quality and high intelligence." Shaoyun Liu said that the company's "city housekeeper" broadened the industrial chain horizontally based on the sanitation and cleaning work of a city, and realized the market-oriented management services of public space from sanitation and cleaning, garbage sorting, landscaping, underground pipe network, municipal road maintenance, traffic facilities management, park management, water body maintenance, government property services to urban parking.

In order to match the company's business scope more comprehensively, objectively and accurately, many listed environmental protection companies have formulated their own development strategies to further enhance their brand image and corporate value, and applied for renaming.

Of course, many environmental listed companies have changed their names not only for the above reasons, but also for many factors such as industrial upgrading, market expansion, mergers and acquisitions, cross-industry development, internal changes, and changes in their main business.

According to industry insiders, normal renaming is the right of listed companies. Because of the successful merger and reorganization, the main business of major shareholders has changed, so it is normal to change its name. However, there are also more and more renaming behaviors, which are deliberately hyped by listed companies to cover up bad reputations such as losses and penalties, attract market attention and cater to the capital market.

"You don't know who is swimming naked until the tide recedes." Insiders said that simply catering to the market's hot name change will boost the company's stock in a short time, but when the wind blows, or investors realize that the company's "gold content" is insufficient, the relevant companies are easily criticized by the market afterwards, and the corporate image is damaged or negatively affected. Bad impression. Only by working hard for the industry, focusing on the main business and constantly creating value can the company's popularity be continuously improved and the company's signboard become brighter and brighter.