NewsNEWS CENTER

19

2023

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05

Reorganization of enterprises to get a new Taiwan Strait nuclear power "off-star cap"


 

On May 19, 2023, Taiwan Strait Nuclear Power issued an announcement, and the delisting risk warning and other risk warnings were canceled on May 19. The stock abbreviation was changed from "* ST Hainuclear" to "Taiwan Strait Nuclear Power", and the stock code was still "002366"., The company's shares resumed trading today.

 

 

Back on May 6, 2022, Taiwan Nuclear Power, which was undergoing bankruptcy restructuring, was formally warned of the risk of delisting. Taihai Nuclear Power was established in 1997. It is not only the only nuclear primary equipment and material manufacturing enterprise in the province, but also the only listed company in my country with nuclear power main equipment as its main product. The company's main business is the manufacture and sales of nuclear power special equipment, other special equipment and petrochemical equipment; the design, manufacture, sales and installation after-sales service of complete sets of equipment; the sales of cobalt concentrate; and the sales of nuclear grade materials.

 

 

In recent years, affected by multiple factors, the financing channels of Taiwan Strait nuclear power are blocked, the capital chain is not smooth, the operating rate is seriously insufficient, the overall debt crisis and business crisis of enterprises are becoming more and more serious, in November 2020, the People's Court of Laishan District of Yantai City accepted the bankruptcy reorganization procedure of Taiwan Strait nuclear power.

For Taiwan Strait nuclear power, if the restructuring is successfully implemented, the introduction of restructuring investors will effectively improve the financial situation and operating conditions, and promote the rapid development of Taiwan Strait nuclear power; if the restructuring fails and enters the liquidation process, it will mean that the company's market value will return to zero, employees will lose their jobs, and small and medium-sized investors will lose their money. The development of China's nuclear power industry will also be affected to a certain extent, The future of many people's attention.

The report of the 20th National Congress of the Communist Party of China pointed out that it is necessary to actively develop nuclear power in a safe and orderly manner, strengthen the construction of energy production, supply, storage and marketing system, and ensure energy security. As a state-owned enterprise specializing in the national strategy of service integration and innovation in Qingdao West Coast New Area, Qingdao Rongfa Group is a state-owned enterprise, based in Qingdao and facing Shandong, and proposes to build a high-end equipment manufacturing industry chain for equipment research and development, manufacturing and installation. Rongfa Group has taken a fancy to the outstanding advantages of Taiwan Strait Nuclear Power in equipment research and development, technological innovation and other fields. After active docking, many negotiations, and under the blessing of the integration of the Jiaodong economic circle, on December 23, 2022, Rongfa Group was strong. In charge, the bankruptcy and reorganization of Taiwan Strait Nuclear Power was successfully completed.

 

 

After becoming a shareholder of Taiwan Strait Nuclear Power, Rongfa Group actively performed its duties as a controlling shareholder, successfully resolved the company's historical debts and injected capital into the sustainable development of the enterprise. Combined with the characteristics of market-oriented and international operation, the group strengthens the cooperation with leading enterprises in the industry, continuously optimizes and improves the corporate governance system, increases R & D investment, and builds the core competitiveness of products. In addition, the Group adheres to the leadership of Party building and builds a governance culture that governs enterprises in accordance with the law, standardized management, transparent decision-making and efficient operation, so as to promote the high-quality development of the company. Since 2023, Taiwan Strait nuclear power has won a number of projects, and the total amount of winning bids has been close to 1 billion yuan. The future development situation is very good. After one year, Taiwan Strait nuclear power has officially "taken off the star" today ".

 

 

According to the relevant regulations, the company's shares will no longer carry the delisting warning logo, and the daily rise and fall limit of the stock trading price will be changed from "5%" to "10%". With the resolution of the company's delisting crisis, the company's financing ability will be significantly improved, and the company's market image will also be improved, which will help to further enhance the market competitiveness, so as to create better performance to return investors in the capital market.

 

 

Facing the future, under the broad development space of the nuclear power industry, Rongfa Group will lead Taiwan Strait nuclear power, seize development opportunities, build a major power, protect energy security, improve product and service levels, and add a new engine to the integration of the Jiaodong economic circle. Make new contributions to the high-quality development of the nuclear energy industry in Shandong and the country.

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Company address: 388 Wheel Mountain Road, West Coast New District, Qingdao, China

Contact Phone:0532-85160055

Email:qdrfjtzhb@126.com

Website record number: Lu ICP Bei 16050788 No. -2

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