The expectation of capital injection of large shareholder failed the Three Gorges Water recovery card slightly up 0.13%

Every reporter Li yesterday, the Three Gorges Water Conservancy (600116, closing price 7.84 yuan) with 400 million yuan of the non-public issue of the proposal to duplicate the card.　　Although the suspension time is only about 10 days, but before the suspension of the market for the Three Gorges Water Conservancy has not been continued, low after the stock price dive, the largest decline of nearly 6%, and then in the market on the drive, close to the stock only reluctantly turned red, closed in 7.84 yuan, the increase is only 0.13%, significantly weaker than 3.36% of the increase in the market.　　Raise funds for the debt market Personage said, the Three Gorges Water Conservancy's non-public offering plan and the market anticipation has the very big discrepancy, this is causes yesterday the card to weaken one of the main reasons. The announcement shows that the company intends to 6.26 yuan/share price, to not more than 10 specific objects issued no more than 60 million shares, the total raise capital of about 400 million yuan, and the money will be used to repay the bank loans.　　The announcement also disclosed that as of March 30, 2009, the Three Gorges Water Conservancy loan balance (consolidated statement) is 774 million yuan, the parent company caliber loan balance amounted to 584 million yuan. The above-mentioned personage pointed out that before the market once speculated that the Three Gorges Water Conservancy will initiate the directional additional issue, to the big shareholder Chongqing state can invest the electricity generation assets, but the plan which is launched is raises the fund to repay the debt, and before the market expectation has the big difference. In the Three Gorges Water Conservancy before the suspension, some of the foresight funds in advance to intervene, making the stock has a wave of obvious pull up market, the first 5 trading days rose to 19.72%, especially in the first day before the suspension of trading price, closed at 7.83 yuan.　　From this, those who intervene in advance of funds in just a few days to achieve good returns, and in the company's Non-public offering plans and previous expectations have a big difference, profit capital fled also in the reasonable. Company: annual reduction of interest expenditure 24 million why does the company choose to raise the debt rather than the market's expected direct issuance of additional shareholder assets? The Three Gorges Water Securities Department staff yesterday to the "Daily economic news" Reporter said that the current corporate debt rate in the same type of hydropower companies at a high level, according to the company estimates that the 400 million yuan after the repayment of the debt rate will be from the current 67.67% (without audit) down to 42.5%,　　The annual interest expense will be reduced by about 24 million yuan, which helps to improve the overall profitability of the company. Yuan Securities analyst Chang said that the Three Gorges Project more water conservancy projects, before the adoption of the investment of 610 million yuan to build Yang River hydropower project, and 51 million yuan to restructure the leisure company's project resolution, the capital demand is large. In addition, the current power demand in China is still running low, in such a background, the Three Gorges Water Conservancy to pay for debt repayment strategy although there is a certain gap with the market expectations, but will reduce corporate capital pressure, conducive to long-term development of the company.