Oriental boiler 600786 why delisting?
Although the branch in their respective areas of rapid development, but in the management and business development is relatively isolated, scattered, is not conducive to enhance the core competitiveness of Dongfang Electric Group.
Based on this situation, Dongfang Electric Group as early as two years ago began to actively with the State SASAC report reorganization program, and in early 2007 put forward "share reform + private placement + convertible offer" the overall listing program.
2, Oriental Motor, Dongfang Steam Turbine and Oriental Boiler for the East Electric Group's "three core assets", respectively, the main motor, steam turbine, boiler and other power generation equipment, the core components.
Eastern boilers (stock code 600786) delisting because: because the group head office to be integrated listing, that is, the East Boiler can not be listed as a subsidiary, but as the East Electric (stock code 600875) listed.
