China's HBIS to buy 70 pct of Tata's Southeast Asian steel projects

[GS Zhou]

The worst guy on this forum is telling you how much debt a company has, but he selectively does not tell you how much asset the company has.

All Chinese SOEs (Financial institutions like stated owned banks or insurance companies NOT counted in) combining together, by end of Dec. 2018, their total asset was RMB 178,747 billion RMB; total debt was RMB 115,647 billion RMB; i.e. total net asset, or Owner's equity was RMB 63,100 billion, or 9.3 Trillion USD, which is 3.6X of India's GDP 2017 (2.6 trillion USD)

（六）资产、负债和所有者权益。12月末，国有企业资产总额1787482.9亿元，同比增长8.4%；负债总额1156474.8亿元，同比增长8.1%；所有者权益合计631008.1亿元，同比增长9.0%。（1）中央企业资产总额803391.7亿元，同比增长6.7%；负债总额543908.6亿元，同比增长6.3%；所有者权益合计259483.1亿元，同比增长7.5%。（2）地方国有企业资产总额984091.2亿元，同比增长9.8%；负债总额612566.2亿元，同比增长9.6%；所有者权益合计371525.0亿元，同比增长10.1%。

http://zcgls.mof.gov.cn/zhengwuxinxi/qiyeyunxingdongtai/201901/t20190121_3126699.html

 

[Viet]

29-Jan-2019

China's HBIS to buy 70 pct of Tata's Southeast Asian steel projects
CGTN

Chinese steelmaker HBIS Group, which is the world's third-largest steelmaker by output, agreed to buy 70 percent of Indian conglomerate Tata Steel's projects in Southeast Asian countries on Monday, which is considered a "smart move" by experts.

HBIS will take over Tata Steel's projects in Singapore, Thailand, Vietnam and Malaysia, in order to maximize opportunities in the region on technology, channels and management.

"Through the talks, we found that HBIS and Tata Steel share the same view on the world steel industry's future, which is the foundation of our cooperation," said Yu Yong, president of HBIS Group.

HBIS will seize the opportunities offered by the growing steel demand in Southeast Asia, Yu added.

Xu Xiangchun, information director and analyst with iron and steel industry consultancy mysteel.com, said Southeast Asia has been a popular destination for steel investment in recent years because of the large population and its fast economic growth.

According to mysteel.com, the steel shortage in Southeast Asia is around 100 million metric tons annually, and the region depends on imports.

TV Narendran, chief executive officer and managing director of Tata Steel, said he is confident that the steel projects in Southeast Asia will continue to grow in the future after the investment.

"Tata Steel shares the same culture with HBIS and we will explore more cooperative possibilities in future," he said.

https://news.cgtn.com/news/3d3d514e32557a4d32457a6333566d54/index.html

***

Good coopearation @Han Patriot , @Viet

I don’t see how this takeover will benefit us in any ways? In opposite China will further put more pressure on Vietnam’s steelmakers.

 

[TaiShang]

I don’t see how this takeover will benefit us in any ways? In opposite China will further put more pressure on Vietnam’s steelmakers.

The benefit will be such that the management will be more efficient.

 

[oprih]

Good, indian businesses must be kicked out of Southeast Asia.