The two industrial chains are combined into one. Zhongke Yinghua reorganizes Zhengzhou Cable
After a series of restructuring efforts, Zhengzhou Cable Co., Ltd. officially commenced operations on September 7, with a total investment of 300 million yuan. The company was established by four key entities: Zhongke Yinghua High-tech Co., Ltd., Zhengzhou Holding Co., Zhengzhou Cable Group, and Zhongrun Hechuang. The Zhengzhou Municipal Government approved the capital contribution agreement on September 5, marking a significant milestone in the company's formation.
According to the funding agreement, Zhongke Yinghua contributed 195 million yuan in cash, representing 65% of the total share capital. Zhengzhou Holding invested 74.1 million yuan in the core operating assets and intangible assets of Zhengzhou Cable (Group) Co., Ltd., accounting for 24.7% of the company’s shares. Zhengzhou Cable Group contributed 900,000 yuan in intangible assets, making up 0.3% of the total share capital. Meanwhile, Zhongrun Hechuang provided 30 million yuan in cash, securing a 10% stake in the company.
Fan Zaiyun, director of the Wire and Cable Branch at the China Electrotechnical Association, highlighted that the collaboration between Zhongke Yinghua and Xinzheng Cable will create an integrated industrial structure, combining two key supply chains: copper mining and copper foil production, as well as heat-shrinkable polymer materials and wire and cable manufacturing. This strategic combination is expected to enhance operational efficiency and strengthen the company's competitive edge in the industry.
The reorganization not only strengthens the financial foundation of the company but also aligns it with broader regional development goals, positioning it as a key player in the high-tech manufacturing sector. With this new structure, Zhengzhou Cable Co., Ltd. is well-equipped to meet growing market demands and explore new opportunities in both domestic and international markets.
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