@elleburra,
CGGC/Gezhouba were a small part of the history of China Yangtze Power, which is the hydroelectric operator of the dams on the Yangtze. Basically they were involved because the state sold the asset they constructed (Gezhouba Dam) cheaply into Yangtze Power, so they have a couple directors who hold smaller positions on the large board of directors. However, they do not have a major shareholding in China Yangtze Power. China Three Gorges Group is the parent company of China Yangtze Power and owns around 62%.
CGGC/Gezhouba are NOT directly involved with the parent company of China Yangtze Power, China Three Gorges Group, which was 100% state owned when established in 1993. However, as both Three Gorges and Gezhouba are state owned, they will both follow common directives from Beijing.
You can see from the 2010 Annual Report that CGGC are not listed in the Top 10 shareholders (between 70.57% and 0.30%) either as CGGC, Gezhouba or as China Energy Engineering Corporation.
Directors
The only listed directors representing CGGC hold minor positions in Yangtze Power.
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Xi Jinping's Instructions to China Three Gorges GroupOn April 26, 2018, Chinese President Xi Jinping gave a speech in Wuhan, Hubei to promote the development of the Yangtze River Economic Belt and said that the China Three Gorges Group should play its role and actively participate in the ecological protection and restoration of the Yangtze River Economic Belt. Being a state owned enterprise, this has led to the establishment of the Changjiang (Yangtze) Ecological Environmental Protection Group, which Fluence is now in discussions with.
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Every civilization in human history cannot be separated from the care of the big rivers. However, over the years, due to the unintentional discharge of sewage, excessive sand mining and fishing, the ecological environment of the Yangtze River, the mother river of the Chinese nation, has continued to deteriorate.
On April 26, 2018, General Secretary Xi Jinping hosted a symposium to promote the development of the Yangtze River Economic Belt in Wuhan and delivered an important speech. He pointed out that the Three Gorges Group should play its due role and actively participate in the ecological restoration and environmental protection construction of the Yangtze River Economic Belt. This provides a fundamental follow-up for the Three Gorges Group to work on the protection of the Yangtze River. Over the past year or so, several environmental protection projects led by the Three Gorges Group have accelerated their landing along the Yangtze River. By actively participating in the protection work of the Yangtze River and extending the industrial chain to the water environment, the Group not only promoted the improvement of the Yangtze River ecology, but also cultivated new kinetic energy for enterprise development.
From the "development of the Yangtze River" to the "protection of the Yangtze River", the Three Gorges Group, the world's largest hydropower enterprise, has embarked on a new journey.
The Yangtze River has a total length of more than 6,300 kilometers. The regional GDP of the 11 provinces and cities along the line accounts for more than 45% of the country's total population, and the population is also over 40%. If the Yangtze River ecological trend does not reverse, the impact will be more than just the people along the coast. Life is the long-term welfare of the Chinese nation," said Zhao Feng, party secretary and chairman of the Yangtze River Environmental Protection Group, a wholly-owned subsidiary of the Three Gorges Group.
The Three Gorges Group was born in the Yangtze River and grew up in the Yangtze River. Currently along the Yangtze River, the Three Gorges Group is one of the most economically capable central enterprises, with strong resource integration and financing capabilities. At present and in the future, the implementation of the strategic task of the Yangtze River Economic Belt is very arduous. In particular, the task of large-scale protection is very arduous, and it is urgent for the Three Gorges Group to play a key role.
In accordance with the overall deployment of the National Development and Reform Commission, as the main body of the Three Gorges Group's eco-environmental business, Changjiang Environmental Protection Group has taken urban sewage treatment as the entry point, and has been carried out in four pilot cities in Jiangxi Jiujiang, Anhui Wuhu, Hunan Yueyang and Hubei Yichang. Try first. At the same time, the Group is engaged in the second batch of cooperation with 12 cities including Chongqing, Shanghai, Wuhan and Nanjing, and strives to explore new water management mechanisms, new standards, new technologies and new policies through the implementation of a series of projects, which can be replicated and promoted. experience of.
Lei Mingshan, party secretary and chairman of the Three Gorges Group, said: "It is the unshirkable political responsibility and historical mission of the Three Gorges Group to jointly play the role of the Yangtze River." It is also the expansion of new fields, the cultivation of new kinetic energy, and the realization of new development. A major historical opportunity. The Three Gorges Group is transforming from 'building the Three Gorges, developing the Yangtze River' to 'managing the Three Gorges and protecting the Yangtze River', and fully committed to the new era and new mission."
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There are also deep links to Beijing Enterprises Water Group with a 30% Beijing Enterprises and 70% Three Gorges Capital partnership into the establishment of Changjiang Green Development Fund Management Co., Ltd.
Core business of BEWG
Covers urban water services, water environment comprehensive treatment, environmental sanitation and solid waste treatment, industrial water services, rural water services, overseas business, seawater desalination, scientific and technical services, financial services as well as clean energy.
In 2017, BEWG realized an annual operating revenue of over HK$ 21.1 billion, with a year-on-year growth of 22%, and a net profit attributable to parent company of over HK$ 3.7 billion, with a year-on-year growth of 15%. As of December 31, 2017, BEWG’s total assets exceeded HK$ 100.4billion and there are 782 water plants (including sewage treatment plants, waterworks, recycled water treatment plants and seawater desalination plants) of BEWG.
Recently, the establishment of Changjiang Green Development Fund Management Co., Ltd. has received attention from the industry. The company was jointly initiated by Three Gorges Capital Holdings Co., Ltd. and Beijing Enterprises Financial Services (Beijing) Investment Holding Co., Ltd. with a registered capital of 100 million yuan. The proportion of shares held by the Three Gorges Capital is 70%, and the proportion of shares held by Beijing Enterprises is 30%.
Yangtze River Green Development Fund Management Co., Ltd. is the deepening and landing of the dual platform cooperation mode between the Three Gorges Group and the Beijing Enterprises Water Group. It will focus on the development strategy of the Yangtze River Economic Belt and focus on the areas of efficient use of water resources, water ecological restoration, and water environmental protection. The establishment of the fund company will fully stimulate the advantages of both companies, integrate state-owned capital strength and professional fund management capabilities, gather environmental protection professional capabilities, and better serve the Yangtze River protection.
On September 17, 2018, China Three Gorges Group and Beijing Enterprises Group jointly implemented the major decision-making and related arrangements for the Party Central Committee to promote the development of the Yangtze River Economic Belt, and reached a consensus on cooperation in the protection of the Yangtze River and signed a strategic framework agreement. As a flagship environmental protection company of Beijing Enterprises Group, Beijing Enterprises Water is committed to mobilizing a large number of resources and gathering the backbone of the company. It has been conducting many times with China Three Gorges Group, Yangtze Power and Yangtze River Ecological Group since October 2018. High-level meeting and working group level meetings, in-depth discussions on cooperation content, methods and next steps in the six directions of equity, fund, business, dual platform, research and industry alliance, reached a preliminary consensus, formed a batch Effective and fruitful results.
The cooperation between the two sides is fast-paced and the results are beginning to appear. At the beginning of this year, a cooperation brought significant benefits and boosted confidence in the environmental protection market. Yangtze Power and Beijing Enterprises Water have issued important announcements: "Changjiang Power will subscribe for 470 million shares of the newly issued ordinary shares of Beijing Enterprises Water by the wholly-owned subsidiary Changjiang Power." On the same day, the Yangtze River Eco-Environment Group and Beijing Enterprises Water entered into a business cooperation agreement on the proposed cooperation.
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@willchang409,
I think that the available capital may increase even further, with some suggesting that they may raise over 100 billion yuan into this eventually. They managed to sign 2 big municipal PPP projects worth a combined 7 billion yuan in May and Aug this year, so 10 or even 30 billion yuan would be nothing at this scale, considering they are looking to get into projects across the full spectrum of environmental remediation.
On October 22, the reporter learned from the Municipal Development and Reform Commission that Changjiang Green Development Investment Fund Management Co., Ltd. was recently registered in Yichang, marking the Yangtze River Green jointly established by the National Development and Reform Commission and the Three Gorges Group. Development Investment Fund settled in Yichang.
According to the approval, the National Development and Reform Commission will jointly establish a fund preparation and coordination group with the Three Gorges Group to study the fund, institutional formation plan and fund development strategy, and promote the establishment of the fund. The city has won many parties and the fund company was finally registered in Yichang.
According to reports, the fund will raise 20 billion yuan in the first phase, and will raise 100 billion yuan in the future, focusing on the Yangtze River economic belt strategy, mainly investing in efficient use of water resources, water ecological restoration, water environmental protection, etc., and promoting the economic belt of the Yangtze River.
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@ywtoh,
I would not discount the likes of Three Gorges and BEWG from offering to buy a stake in Fluence in order to help with finances and to help "deepen" their relationship. It is why it is so important to Fluence to raise funds on the ASX during this period and continue negotiations in a strong financial position. I would not like to be negotiating with these types of state owned behemoths while being in serious need of cash to fund any venture, as they will be more than happy to swallow up a large percentage of the company cheaply. By raising funds, they can chase a partnership from the position of not needing investment, and while a formal partnership would indeed be a company maker, walking away with no partnership would not be a company breaker.
For example, in September, the Three Gorges Group bought a 26.63% stake in a soil remediation company.
Three Gorges Group Changjiang Ecological Environmental Protection Group Co., Ltd. entered the soil remediationDate: 2019-09-24
On September 19, Guosheng Environmental Protection announced that Guohao Group intends to transfer 15% of its shares (ie 100,546,210 shares) of Guosheng Environmental Protection to the transferee by way of agreement transfer at a transfer price of RMB12.70/ share. After the completion of the share transfer, the Three Gorges Group will control the 26.63% equity of Guohao Environmental Protection and become its actual largest shareholder.
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There are links to Hunan Kaitian as well. As these are all state owned enterprises, any large state owned enterprise that is in the Yangzte River region will likely be involved if they are required.
The leader of the Three Gorges Yangtze River Ecological Environmental Protection Group investigated the Space Kaitian Environmental Protection2019-10-17
On October 16, Wang Shiping, deputy secretary and general manager of the Party Committee of the Three Gorges Yangtze River Ecological Environmental Protection Group, visited the space Kaitian environmental protection research and guidance work. Ye Mingqiang, president of the company, Zhou Boping, executive vice president, and Zeng Yifu and Zhou Wenming, vice presidents, attended the reception.
Wang Shiping and his entourage visited the company's exhibition operation center accompanied by Aerospace Kaitian Environmental Protection Ye Mingqiang. Through the visit, they further understood the company's ability as a comprehensive environmental service provider for the entire industry chain.
Later, in the press conference hall, Ye Mingqiang gave a welcome speech. Executive Vice President Zhou Boping, Secretary of the Board of Directors and Director of the Securities Investment Center Gao Shiyan, and General Manager Yang Jie of the Investment and Finance Company gave a brief introduction on the company's basic situation, cooperation plans and cooperation models.
Wang Shiping said that through this research, it will not only strengthen the interaction between the two companies, but also explore the opportunities for cooperation. It will also help the company's management team to deepen their understanding and understanding of the environmental protection field. The next cooperation will surely collide with the wonderful cooperation. spark. Ye Mingqiang finally expressed the hope that the two sides will form a strong complementarity through cooperation and strengthen the cooperation in the protection of the Yangtze River and the water environment in the Yangtze River Basin. In the future, they will deepen cooperation in the construction of green eco-industrial parks and green ecological smart cities, and be China's ecological environment. Protection contributes, fulfills social responsibilities, and reflects the role of central enterprises.
