Why did Datang Telecom acquire Datang Liancheng?

Datang Telecom acquired Liancheng not for good, but to protect its shell. It's hard to say whether it's saved, because Liancheng's scale is too small and its assets are hard to say that it's excellent. Where is the profit of tens of millions a year, the net assets are still negative. If this situation continues until next year, it will still be delisted. But this time the parent company increased its capital by 999 million yuan, which really illustrates a problem. With such news, I bought some on the bargain. Why not? Perhaps the parent company will plan to acquire other assets, or make mixed changes according to the policy. I won't spend a billion dollars to play with water, but the executives of Datang Telecom are really black sheep. If such a team does not change, it will be bad for the enterprise anyway.

Datang Telecom announced the progress of major asset restructuring last night. On September 9th, 20021year, Datang Telecom received the Reply of the State-owned Assets Supervision and Administration Commission of the State Council on Relevant Matters of Reorganization, and agreed in principle that the company would issue shares to purchase the equity of Datang Liancheng, and China Information and Communication Technology Group Co., Ltd. would raise matching funds. 20021May 10, Datang Telecom held the 58th meeting of the 7th Board of Directors, and deliberated and passed the relevant proposal that the company issued shares to purchase the equity of Datang Liancheng Information System Technology Co., Ltd. and raise matching funds. Related transactions with China Information and Communication Technology Group Co., Ltd.

1, 20021On May 24th, Datang Telecom received an inquiry letter from Shanghai Stock Exchange about Datang Telecom Technology Co., Ltd. issuing shares to purchase assets, raising matching funds and information disclosure of related party transactions. According to the requirements of the inquiry letter, Datang Telecom and relevant intermediaries answered the questions raised in the inquiry letter item by item, and revised the scheme and its abstract and other documents. Datang Telecom received a notice from Datang Liancheng Information System Technology Co., Ltd., and the National Defense Science and Technology Bureau has issued relevant opinions and agreed to the restructuring principle of Datang Liancheng Information System Technology Co., Ltd., and Datang Telecom received a notice from Datang Liancheng Information System Technology Co., Ltd., and the National Defense Science and Technology Bureau has given a reply on matters related to information disclosure exemption. This reorganization. Datang Telecom received the reply from the State Council State-owned Assets Supervision and Administration Commission on matters related to restructuring, and agreed in principle to the overall plan of the company's asset restructuring and supporting financing.

2. Datang Telecom (600198) announced on the evening of April 23 that the company intends to acquire all the shares of Datang Liancheng held by Telecom Technology Research Institute Co., Ltd. and Datang Telecom Technology Industry Holdings Co., Ltd. by way of issuance. Shares and raise matching funds. This transaction constitutes a major asset reorganization and does not constitute a reorganization and listing. The company has suspended trading since it opened on April 26th. Datang Liancheng Information System Technology Co., Ltd. (hereinafter referred to as "Datang Liancheng") is a modern high-tech enterprise registered by the State Administration for Industry and Commerce. It is a wholly-owned first-class subsidiary of Datang Telecom Technology Industry Group, which fully serves the information construction of the party, government and army. Provide cutting-edge technical research, product development, manufacturing, product sales and technical support services for industrial applications and special communication fields.

3. The company's products are widely used in the field of special communication, and have provided safe and stable communication guarantee for the Shenzhou VII manned spaceflight project, the 60th National Day military parade, the Universiade, Tiangong No.1 and other major events. Shenzhou-8 rendezvous and docking, Tiangong-1 and Shenzhou-9 manned rendezvous and docking, 18th National Congress security. In order to adapt to the development of the company, Datang Liancheng started the campus recruitment of fresh graduates on 20 16. The company follows the concept of "dare to be responsible, work hard, take care of the overall situation and be good at learning". In line with the tenet of "the company and employees grow together", we have made rich designs for the training and development of employees. The company provides all employees with fair development opportunities, competitive salary system, perfect social security and generous returns, helps recent graduates to smoothly change their roles from students to social people, improves their professional quality and workplace skills, and makes the company a home for employees with a sense of belonging.