subject: China Chemical structure of international governance reform to stimulate [print this page] China Chemical structure of international governance reform to stimulate
According to Voice of "news and newspapers Summary" 6:40 reported in overseas M & A market to navigate the China National Chemical Corporation, and recently locked a target, quickly through overseas acquisitions to enter new chemical materials with high value-added areas. Ren Jianxin, general manager, said the company would explore the "international" driving corporate governance reform, promoting economic development mode.
China Chemical Industry Group has set a foreign acquisition of Chinese enterprises in the highest frequency. The year 2006, China Chemical completion of the three consecutive large-scale overseas acquisitions: won the world's second largest manufacturer of methionine French enhance human immunity, and Australia's largest polyethylene producer Volcanoes, and with the cooperation of France, Rhodia, Bluestar has also caused the company became the world's third largest manufacturer of organic silicon monomer.
Ren Jianxin explains why the acquisition of China's chemical preferences?? "We chose the acquisition of these developed countries are basically Europe and the United States, I want to buy them through the advanced enterprise in accordance with its practice, to change our corporate governance structure. I've been thinking join the WTO challenge for us is to what? I think that is how integration into the international community, how in accordance with international rules. you compete against the others, you do not know how to do, how competitive? "
"Going out" of the Chinese chemical not forget to "get in." This is the introduction of foreign strategic investment. October 2008, the U.S. Blackstone Group invested 600 million U.S. dollars acquisition of a wholly owned subsidiary of China's chemical industry? A 20% stake in Blue Star, which is Blackstone's first investment in China. Ren Jianxin, said the deal is worth. "We were the introduction of Blackstone as a strategic investor, did not fancy his money. Of course, was sold for 8.8 times is business, and certainly happy. To capital gains, only the transaction will add value, otherwise the only book prices nothing. "
M & A to manage a huge challenge. Continually extending the "internationalization" of the journey, the Chinese chemical industry's corporate governance structure has quietly changed. "The next step of our international operations, we are prepared to do is to introduce the global chemical industry best practices. Is the global chemical industry to do the best, others how to do it, we follow suit. For example, the introduction of the world's best managers, professional consulting firm, for example, our personnel, I do it outsourcing, and outsourcing to a professional consulting firm to do. "
China Chemical said the future they will be in material science, life sciences and three areas of environmental science to do something to gradually form a "3 +1" pattern of the industry. With the international financial crisis, globalization and information technology industry, opportunities for transfer of management of change, speed up new industrial structure adjustment, made after the formation of differentiation and competitive advantage.
