From April 28 to May 1, on the invitation from Hunan Government, president Huang Tianwen led a Sinosteel delegation visiting Hunan and signed the framework agreement of merging Hengyang Nonferrous Metallurgical Plant with Hunan Nonferrous Metal Industry Corporation.On April 28, having arrived, president Huang and his entourage met Hunan vice governor Xiao Jie. On behalf of Hunan Government, Hunan vice governor Xiao Jie first expressed warm welcome and sincere gratitude to president Huang and his entourage. He happily retrospect on the visit to Sinosteel a month ago and highly praised on Sinosteel fast movement to promote the cooperation with Hunan Province and accelerate the acquisition work. Afterwards, he introduced Hunan local advantages, new opportunity of economic development and the current investing environment and agreed that the cooperation between central enterprises and Hunan Province is good for promoting Hunan economic development. Vice governor Xiao also pointed out that Sinosteel and Hunan enjoyed extensive cooperating opportunities and good prospect. Hunan Government will provide qualified service and create sound investing condition for central enterprises, such as Sinosteel, to develop business. Finanlly, vice governor Xiao wished Sinosteel a better development in Hunan.
President Huang explained the purposes of the visit: first, on the invitation by Hunan vice governor Xiao Jie, Sinosteel visit the relative companies and economic zone in Hunan to learn the local economic developing experience; second, the visit is an answer to the call from SASAC to speed up the cooperation between central enterprises and Hunan and to implement the acquisition. He pointed out that as the requirement of improving the control, influence, driving force and competence of national economy, central enterprises’ merging local companies through various channels can effectively distribute state-owned assets in broader fields, which follows the spirit of 16th CCPCC. With the support, concern and help from Hunan Government, Sinosteel would like to further the communication with Hunan Province and consolidate cooperation on the base of current cooperation so as to realize co-development.
On April 28, 2006, the framework agreement signing ceremony of merging Hengyang Nonferrous Metallurgical Plant between Sinosteel and Hunan Nonferrous Metal Industry Corporation was held in Changsha. Sinosteel president Huang Tianwen and GM of Hunan Nonferrous Metal Industry Corporation Gu Jingyu signed on the agreement on behalf of each party. Hunan governor assistant Guo Kailang, leaders from Hunan Development and Reform Commission and Hunan SASAC, Sinosteel vice president Wang Zhengwu, chief accountant Liu Andong and heads of relative functional departments and specialized companies attended the signing ceremony. Sinosteel merging Hengyang Nonferrous Metallurgical Plant to respond to the strategic arrangement of “Pomoting Central China’s Emergence” from the State Council and SASAC’s requirement of promoting the cooperation between central enterprises and Hunan, benefits not only the grow of Hengyang Nonferrous Metallurgical Plant but also the manufacture core business of Sinosteel and Hengyang local economic development even Hunan province local economic development. From now on, Sinosteel will fully exert its advantages in Sinosteel, market, capital, management and talent, further promote the structure adjustment and technical remould and improve the R & D, design and manufacture level of important technology, so as to build Hengyang Nonferrous Metallurgical Plant into an advanced metallurgical equipment R & D production base, realize leap development and contribute to our steel industrial equipment nationalization.
On the afternoon of April 28, the delegation visited Changsha