The latest plan of the Changjiang Electric Power Co., Liang Ye ping coal

Financial Weekly Trainee reporter Dingqingyun/Wenchangjiang power Restructuring Changjiang Power (600900.SH) announced a reorganization in May this year. The assets reorganization of the Changjiang power is an example of the largest asset scale in the asset reorganization of the electric power enterprises, which has a milestone significance in the reorganization and integration of the central enterprises.　　With the advance of its major asset reorganization, its leading position will be further consolidated. According to the reorganization plan, the target assets of this transaction include the Three Gorges Project power generation assets and auxiliary production specialization company Equity. The specific plan is: the Three Gorges Power station 9th to 26th a total of 18 stand-alone capacity of 700,000-kilowatt, the total installed capacity of 12.6 Million-kilowatt of the generator sets and corresponding dams, power plants, shared power generation facilities and other power generation assets, and power generation business directly related to productive facilities; 6 for hydropower construction and power production to provide equipment management, tendering, supervision, water supply, communications operation and maintenance management services, such as ancillary production of specialized companies.　　The initial assessment value of the target assets of the transaction is about 107.5 billion yuan. After the overall listing, the Three Gorges Corporation will mainly perform the Three Gorges Project Unified management and state-owned equity management functions, focus on the development of the Yangtze River upstream hydropower projects.　　The Yangtze River Power will be mainly responsible for the Three Gorges Project operational functions, the Three Gorges Corporation and the Yangtze River Electric power strategic positioning and responsibility boundaries will be clearer. Ping coal shares assets into the flat coal shares (601666.SH) the parent company Flat Coal Group as early as in 2006 promised in the 3-5 years after the listing, in addition to power generation and asset resources exhausted coal mining business, will choose the right time, the flat coal group belongs to and the coal-fired days in different coals,　　Sales of different areas and sales of customers different coal mining business and assets into the listed companies.　　Now from its listing has been nearly 3 years (listed in November 2006), the Coal group, the remaining coal assets also has a certain degree of development, competition highlights, in order to avoid such competition, the group will be the group's remaining coal assets into the listed companies gradually. The asset injection process will accelerate in 2009, and the three processes deserve attention. First, the group "Resources exhausted Mine" into the joint-stock company. Currently may inject the listed company to have five mines: Qixing mine, Tin Li Mine, three ring mine, two mine, Fragrant Hill mine, all is the coking coal mine, the total annual production capacity 4 million-5 million tons, can adopt for 15 years. These "resource-depleted mines" are not really "depleted", but only limited in the recoverable years. Second, Changan Energy project is expected to achieve breakthroughs at the end of the year.　　Third, the Yuzhou coal mine, Yu-Kuang coal-electricity, Rruzhou mining area Riping Coal and Liyuan ore and other three mines are expected to inject listed companies. Wuliangye Overall listing Wuliangye (000858.SZ) The overall listing of the road has been more than three years.　　As early as May 2006, Wu Liang Ye on the bulletin, Wuliangye reform will be purchased after the push group, the ultimate goal is holding, which began its overall listing the first step. According to the relevant annual report published by Wuliangye, its overall listing mainlyIs six steps: One is Wuliangye wine bottles, caps, trademark anti-counterfeiting, Wuliangye packaging related aspects of assets; second, Wuliangye company's factory, office and other fixed assets. This part of the assets currently belong to Wuliangye Group; Third, the intangible assets of Wuliangye, which is also the most difficult to estimate the part of the four is Wuliangye liquor transport, that is, logistics-related assets. Five is the integration of sales companies, which is the most important one plate.　　The last is the integration of various wine manufacturing companies, but this is not a lot of assets. In recent years, Wu Liang Ye and the upstream and downstream enterprises of the related transactions most of Wuliangye stock company headache, but also suffer from the market "interest transmission" the most controversial issue. The overall listing is considered to be an effective solution to the related transaction. July 8, Wuliangye suddenly suspended, and then issued a notice, said that Sichuan Yibin Wuliangye Group Co., Ltd. Planning joint venture to set up "Yibin Wuliangye Liquor Sales Limited Liability Company" matters, in order to completely solve the company and Sichuan Yibin Wuliangye Group import and Export Co. Related matters are being processed. And with Wuliangye, the market overall listing expected to ignite again.