Huainan Mining in Wuhu port

Wuhu Port (600575) issue of shares to purchase assets of the major assets reorganization 20th was approved by the SFC. After the reorganization is completed, Huainan Mining group will hold a 32.02% stake in Wuhu Port and become the largest shareholder in Wuhu port.　　And industry analysts believe that Huainan mining group's rich coal resources in the future is also expected to inject listed companies. Huainan coal mine is expected to inject the largest coal energy port in the Yangtze River and Anhui province's biggest foreign trade and container hub port in Wuhu port.　　Yu-Xikou Coal wharf for China's "West Coal East, Northern," The main coal export port, but also the Yangtze River Trunk line is the most comprehensive capacity, the most perfect one of the coal wharf. The company said that in recent years, the port to increase the efficiency of the space narrowed, increased operating costs, while the traditional business growth space is limited, the company's performance difficult to have a breakthrough growth.　　The company lost 615,000 Yuan in the first half of this year. According to the announcement, Wuhu Port intends to issue a price of 11.11 yuan/shares to Huainan mining group issued 167.6 million shares, for the purchase of Huainan mining wholly-owned railway transport and logistics assets. After the reorganization, Huainan mining will hold 32.02% of the stock, becoming the largest shareholder in Wuhu port.　　The company's original largest shareholder Wuhu Port Limited liability company shares will shrink from the original 44.25% to 30.08%.　　Hua Bao Securities analyst Wang Guangju pointed out that Huainan mining group into the Wuhu port, the injection of its coal assets will become the biggest market expectations. The company announced that Huainan Mining and port company agreed that after the reorganization, Huainan mining will adopt including but not limited to increase the shareholding ratio of the Wuhu port through the level two market or other legal means to enhance the control of the listed companies.　　Not only that, the company's original actual controller Li Fei also pledged, such as the port company holds the proportion of Wuhu port is less than 20%, or Huainan mining holding the proportion of Wuhu port is higher than 50%, it will only exercise the rights of ordinary shareholders. Securities brokers Analysis, the future Huainan mining group will need to increase the stake in Wuhu about 20%. In accordance with the company's reorganization of the total capital and the current share price to calculate, Huainan mining group needs to increase the capital of nearly 2 billion yuan. "Huainan mining industry is likely to achieve absolute holding by injecting coal assets."　　Brokers analysts said. Huainan Mining Area is one of the 13 large coal production bases and 6 coal power bases in China, and it is one of the 520 key enterprises in the country.　　The existing production mine 13 pairs, 2009 production 67.15 million tons, coal recoverable reserves 5.5 billion tons. The main business of the port of Wuhu is coal, container, foreign trade bulk goods, bulk cargo and other cargo handling relays.　　After the reorganization is completed, the company will obtain the railway transportation companies and logistics companies complete rail transport business and logistics trade business, and the company's original port handling transit business combined to form a coordinated, complementary to the collection of port handling, warehousing, transport, trade as one of the modern logistics business system. Wang Guangju that Huainan mining railway freightRaising the company's margin of safety. After June 1 this year, Huainan mining coal transport price from 14.8 yuan/ton up to 19.6 yuan/ton. According to the Wang Guangju calculation, Huainan mining Sinotrans coal ratio about 80%, assuming 2012 Huainan mining production reached 100 million tons, then Sinotrans reached 80 million tons, conservatively calculated by 60 million tons of traffic volume, the increase in sales revenue 288 million.