185 million shares of Kowloon Electric Power proposed for 9.17 yuan/share

NetEase Finance September 19 Jiulong Electric Power Sunday evening issued a notice that the proposed private 185.38 million shares, the IPO price of 9.17 yuan/share, China Power Investment Group will be in cash to subscribe to the private issue of all shares. The IPO price is 9.17 yuan/stock lock-up period 3 years non-public issue A shares plan show, no more than 185.38 million shares (including 185.38 million shares) of the non-public offering of Kowloon Electric, with a price of 9.17 yuan/share, the CLP investment group in cash to subscribe to the private issue of all shares,　　Not to be traded or transferred within 36 months from the date of the end of the share issue.　　The announcement indicated that this announcement also needs the CSRC approval and so on approval procedure, and will carry out within six months after the CSRC approves. No change in control Power said that, as of the date of issuance of the plan, the CLP Investment Group held 30.62% of the company, for the company's controlling shareholders, the private distribution, the Chinese power Investment group shareholding further increase, still for the company's controlling shareholders.　　Therefore, this transaction will not lead to changes in corporate control.　　Raise capital to 9 desulfurization assets Project Kowloon Electric Power said that the non-public offering of the total amount of funds deducted from the issue fees, for the acquisition of Pingdingshan Luyang Power generation 2X1000MW units, such as 9 desulfurization assets projects, and the following investment in the project under construction. According to the Kowloon Electric Power, when the funds are collected, if the actual amount of funds raised is less than the actual demand, the funds raised by the company will be solved by self-financing.