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沧州化工(600722)是河北省规模最大、工艺最先进的氯碱工业原料基地,曾连续十年保持了省利税超千万元大户和市第一利税大户的荣誉。公司还是国内第二大聚氯乙烯(简称PVC)树脂生产基地,被列为全国512家重点企业之一。但由于大股东沧化集团陷入担保泥潭,引发沧州化工股权拍卖和资产评估风波,“河北担保圈”问题也浮出水面。与此相关的核心问题是:资产评估结论是否合理?担保困境对股权定价的影响如何?股权定价的基准如何选择?担保困境如何避免?
Cangzhou Chemical (600722) is the largest and most technologically advanced chlor-alkali industrial raw material base in Hebei Province. It has been honored as one of the largest profit-tax supermarkets in the province and the largest city in terms of profits and taxes for 10 consecutive years. The company is also the second largest domestic PVC (PVC) resin production base, was listed as one of the 512 key enterprises. However, as the major shareholder Canghua Group plunged into quagmire, triggering Cangzhou Chemical Equity auction and asset valuation turmoil, “Hebei secured circle ” issue surfaced. Related to these core issues are: the asset evaluation conclusion is reasonable? Guarantee the plight of the impact of equity pricing? Equity pricing benchmark how to choose?