National electricity south to buy the parent company's assets from 1 billion yuan

Nan Country electric South since (600268) notice, Company intends to the parent company China Huadian Engineering (Group) Co., Ltd. issued no more than 80 million shares, the price is not less than 14.15 yuan/share, the purchase of its holdings of Huadian engineering heavy industry equipment business plate assets and liabilities, the proposed purchase of assets estimated at about 1.027 billion yuan. According to the announcement, the assets to be purchased include 100% of the shares of Huadian heavy equipment held by Huadian Engineering, 100% per cent of the Zheng Institute held by Huadian Project, a 94% per cent stake in Huadian Heavy machinery held by Huadian Engineering, and a 55% per cent stake in the Huadian project held by Huadian Engineering,　　Huadian Engineering Headquarters internal independent accounting of the material transportation business main assets, Huadian Engineering headquarters internal accounting for the pipeline project business main assets and Huadian Engineering Headquarters internal independent accounting of the steel structure business main assets. Upon completion of this transaction, Guo Dian South will be in the existing power automation equipment and engineering business based on the increase in material delivery, hydroelectric equipment and construction machinery, pipeline engineering and steel structure, such as heavy equipment business, and will gradually develop into a total automation solutions and heavy equipment development, design,　　Manufacturing and engineering general contracting capacity of the Power engineering technology services based High-tech listed companies. The company said that at present, the national electricity south from the Power automation equipment business as the main industry, the ability to resist risk is limited.　　And this transaction is to buy Huadian engineering heavy industry equipment business plate assets profitability is strong, at the same time heavy industry equipment manufacturing industry is the country's key to encourage and revitalize industries, market prospects. The company also announced that it intends to invest 3.75 million yuan in its own capital investment in China Letter insurance, the new registered capital of 3 million yuan, accounting for the company (after the expansion of shares) 3% Equity, the increase in the price of 1.25 yuan per share.