The two industrial chains are combined into one. Zhongke Yinghua reorganizes Zhengzhou Cable
After undergoing 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 through a collaboration between 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 operational assets and intangible assets of Zhengzhou Cable (Group) Co., Ltd., accounting for 24.7% of the 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, holding a 10% stake in the company.
Fan Zaiyun, director of the Wire and Cable Branch of the China Electrotechnical Association, highlighted that the new structure of Zhongke Yinghua Holdings' Xinzheng Cable will integrate two key industrial chains: one involving copper mining and copper foil production, and the other focusing on heat-shrinkable polymer materials used in wire and cable manufacturing. This strategic combination is expected to enhance the company’s competitiveness and long-term growth potential in the industry.
The restructuring not only strengthens the company's financial foundation but also paves the way for more efficient operations and innovation in the cable sector. With this new setup, Zhengzhou Cable Co., Ltd. is well-positioned to meet the growing demand for high-quality cabling solutions in both domestic and international markets.
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