Double Star Within Five Years To Strengthen The "Three Main Business" Wang Hai Revealed The Insider Stripping Of State Assets

In addition to the shoe industry, the tire industry and the machinery industry should be bigger and stronger. In 3~5 years, the two stars will be pformed into a comprehensive manufacturing and processing giant group in China.

This afternoon, at the thirty year press conference of Binxing reform and entering the market, Wang Hai, President of the double star, proposed the strategic goal of "building up three groups of tires, shoemaking and machinery", and for the first time responded to the controversial issue of divestiture of state-owned assets.

At today's press conference, Wang Hai announced that the shoe making business of the listed companies of the two star group has been successfully stripped to the famous industrial company belonging to the group, and will focus on developing tire and machinery industry in the future.

"Through the divestiture of listed companies, the two stars have straightened out the industrial division of labor, forming two sub companies, namely, the Twin Star listed company and the Twin Star Industrial Company, the three major industries of shoemaking, tire and machinery.

According to the plan, in the next 35 years, these three industries will be made into three large groups under the double star group.

Wang Hai said that in the three industries, the double star will focus on the development of tires, and the tires will focus on all steel and semi steel tyres, and plan to enter the forefront of the industry with three years.

For the machinery industry, Wang Hai said humbly: "I don't know much about it. I have no time and energy to rely on it. I just want to go to" point the hole "on time.

But this does not hamper his conception. He said it would take 3 years to develop the machinery industry into a group of casting machines, rubber machinery industry and environmental protection industry.

Wang Hai has also placed high hopes on his own "big" footwear industry: he will further adjust the product mix, improve product quality and enter the high-end market.

"We will reintegrate the shoes and clothing market, train and train the new backbone of the footwear industry, re organize the listing at the right time, and make the shoe industry bigger."

Related news Wang Hai faces directly the divestiture of state-owned assets. In November 8th this year, the Qingdao star of the two star group issued a notice. The Qingdao double star shoe-making business asset pfer project ended in the listing of Qingdao property exchange. The two stars divestied all the glued shoes of its listed companies to the "two Brothers" star company.

On the 7 day, more media focused on the issue of "privatization of state assets".

Facing reporters' implicit questions, Wang Hai's answer is more direct.

Wang Hai said, "in 2002, the Qingdao municipal government gave a policy to the two stars to set up a company solely for the business of vulcanized shoes.

My personal equity accounts for more than 20% of the famous companies, and other companies have middle class, trade unions and so on, and state-owned shares account for 16.5%.

Wang Hai said that the reason for the establishment of Double Star Industrial Company is also very simple. At that time, the market situation of the double star was "rich monks poor Temple", the enthusiasm of marketing personnel was not high, and dozens of companies only had four or five profits, the fundamental reason was that they did not mobilize the enthusiasm of market personnel.

The purpose of the establishment of a celebrity Industrial Company is to enable some people to buy the market and pform the idea of "selling shoes for the government to selling shoes for double stars" to "sell shoes for yourself".

Buying up the stores in the market, "10 yuan of assets sold to 3 yuan 8 on average, it is really cheap, double star loss of 3 billion."

Wang Hai speaks frankly.

"Because of these 3 billions of deficits, the famous stars have been afraid to run until the end of 2006.

If the hole is not filled before retirement, my Wang Hai may be finished.

Wang Hai said that he remained sober on the issue of state-owned assets, but for the purchase of footwear assets of listed companies, the Qingdao municipal government agreed to divest, but what money should be paid by double star celebrities, Wang Hai said, "double star celebrities do not have so much money".

He said that Qingdao's attitude toward state-owned shares is that "no participation in decision-making and no participation in distribution".