Central enterprises
Energy China successfully achieved the listing of A+H shares
Seetao 2021-09-29 11:56
  • Energy China's merger with Gezhouba Group will further implement a new strategy for energy security
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At 9:30 on September 28, 2021, China Energy was successfully listed on the main board of the Shanghai Stock Exchange. So far, Energy China has successfully achieved the A+H listing (abbreviation of A-share: Energy China Construction, code: 601868.SH; abbreviation of H-share: China Energy Construction, code: 3996.HK), which will play a better role in China Energy Construction Capital acceleration, expanding brand influence, enhancing market competitiveness, and building a world-class enterprise with global competitiveness will play a milestone role.

Song Hailiang, Party Secretary and Chairman of China Energy Construction, sounded the opening gong, Guo Zhi, chief economist of the National Energy Administration, Xie Xiaobing, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, Zhang Xueyong, deputy director of the Enterprise Reform Bureau of the State-owned Assets Supervision and Administration Commission of the State Council, Shanghai Stock Exchange Wang Bo, deputy chairman of the Digital Professional Committee, and other leaders witnessed the scene. On the same day, China Energy Construction issued the issue at 1.96 yuan per share, with an opening price of 2.29 yuan and a closing price of 2.75 yuan on the first day, an increase of 40.31%. China Energy's current A-share listing on the main board fully demonstrates the recognition and favor of institutional investors and small and medium-sized investors for its investment value.

Guo Zhi said in his speech that, as the vanguard and main force of my country's energy construction field, the national team and energy companies "going out", China Energy has been practicing national strategy, optimizing energy structure, and promoting energy revolution for a long time. , Ensuring energy security, and strengthening international exchanges and cooperation have carried out a lot of fruitful work, making outstanding contributions to the safe, efficient, clean and low-carbon development of energy in my country and the world. It is hoped that Energy China will further implement the new energy security strategy, deeply grasp the development trend of diversified, clean, intelligent and low-carbon energy in the energy sector, actively leverage its own advantages, deepen energy strategy research, ensure energy supply, and accelerate the green low Carbon transition, promote the implementation of the carbon peak carbon neutrality "30·60" target task, accelerate the construction of major energy projects, and strive to be a participant in energy construction, a promoter of energy revolution, a practitioner of energy transition, and a leader in energy technology development A leader, to make new and greater contributions to the sustainable development of energy in my country and the world.

Wang Sheng, member of the Party Committee and Management Committee of China International Capital Corporation, pointed out in his speech that China Energy's share swap and merger of Gezhouba is the first announced and completed transaction after the three-year reform action plan for state-owned enterprises was issued. Strengthening and improving state-owned capital has played a good role in demonstrating. The listing of China Energy's A-shares is a high recognition of China Energy's development in the past ten years and an important affirmation of the achievements of the power system reform. Standing at a new historical starting point, Energy China will better seize new opportunities for industry development, make new contributions to the realization of the "30·60" strategic goal, advance energy reform, and bring better returns to investors.

Song Hailiang said in his speech that making good use of the acceleration of capital is an inevitable choice for enterprises to adapt to the times and accelerate development. China Energy has successfully landed in the A-share market and achieved A+H listings, which will further expand financing channels for the company, improve financing efficiency, enhance financing capabilities, improve operational quality, service levels, and profitability, and systematically optimize the industrial chain, innovation chain, and value chain Layout, and better implement the "Four Revolutions, One Cooperation" new energy security strategy, the carbon peak and carbon neutral "30·60" target, regional coordinated development and other major national strategies to serve the construction of the Belt and Road, which is strategic and long-term The great significance of nature and milestones will inevitably give China Energy Construction the wings to achieve high-quality development.

Song Hailiang said that standing at a new historical starting point, facing new historical opportunities, and based on a new stage of development, Energy China will take on a stronger responsibility and shoulder the new mission of building a world-class enterprise with global competitiveness. More accurately grasp the “three economic forms” of sharing economy, digital economy, and green and low-carbon economy, firmly grasp the “three development trends” of integrated development, high-quality development, and integrated development, and accelerate the implementation of the “one vision” and “four forefronts” "Six first-rate" and "six major breakthroughs" as the core "1466" strategy, continue to optimize the "three major layouts" of productivity and industry, market and region, resources and capital, and give full play to the comprehensive advantages of the integration of the entire industry chain. Industry-leading technological advantages and world-renowned brand advantages, focusing more on the “three circles” of urban, industrial, and cultural circles and the “five networks” of energy networks, transportation networks, information networks, water conservancy networks, and ecological networks, and comprehensively improve The ability to create corporate value, strive to take an important role in promoting high-quality economic and social development, be a pioneer, set an example, and strive to create a new sample, new benchmark, and new model for world-class companies. Energy China Construction will use more results, better performance, and greater value to give back to shareholders, investors, customers, employees, and society as a whole.

It is understood that China Energy Construction’s share swap and merger of Gezhouba is the largest restructuring transaction in the global construction industry so far. It is the largest H-share listed company’s merger of A-share listed company so far, and it is also the only one since 2013. A listed construction central enterprise, the only transaction in the construction industry that has unconditionally passed the review of the Securities Regulatory Commission's M&A and Reorganization Committee since 2017, setting a number of market records for comparable projects of the same kind, creating a "energy construction model" and "energy construction speed". Keywords: state-owned enterprise engineering news, construction news

After the ceremony, Song Hailiang was interviewed by authoritative mainstream media on China Energy's A+H listing and future development strategies. China Guoxin, Silk Road Fund, State Grid, CNOOC, South-to-North Water Diversion Group, China Chengtong, Dongfang Electric, China Agricultural Development Bank, China Development Bank and other relevant persons in charge, leaders and executives of China Energy Construction, relevant departments of the company headquarters , Heads of business units and units attended the listing ceremony.Editor/Xing Wentao

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