24 days countdown to capital injection of big shareholder of Xiang-electric shares

Source: Internet
Author: User
Keywords Shares
The promises made two years ago are now coming to an end! Xiang Electric wind surplus when injected into the shares of Hunan Electric Power (600416, closing price of 29.55 yuan) has been a concern for investors, has held its 51% stake in the Xiang Electric shares 2008 and the remaining equity pass by, once let the market sigh.  Once again, the investors hope that the controlling shareholder, Xiang Electric Group, has pledged to quit the wind power by the end of this year, inject its remaining equity into the listed companies, and once injected, the net profit of Xiang Electric shares is expected to increase by 60%.  Today, the deadline for big shareholders is only 24 days away.  Big shareholder commitment into the countdown actually, back in 2008, Japan Co., Ltd. Harakosan production (hereinafter called Harakosan Production) to transfer the hands of 27% of Hunan Electric wind power, the outside world is expected to take this part of the stake in Xiang Electric shares in the bag, but Xiang Electric shares unexpectedly gave up the priority of the rights, the matter at that time caused great controversy. Data show that Xiang Electric Wind was founded in 2006, was established by the Hunan Electric shares and Harakosan production jointly funded by the establishment and each accounted for 50% of the equity. January 2008, the original Hong production will be held in the hands of the Hunan Electric Wind power, to 1 yuan/share of the price transfer 1% to Hunan Electric shares, 22% to Xiang Electric group.  After the completion of the transaction, Hunan Electric Power owns 51% of the shares of wind power, the original Hong and Xiang Electric group Holding 27%, 22% of Hunan Electric wind power shares. After the outbreak of the international financial crisis in 2008, the original Hong production in order to avoid bankruptcy to sell its hands Xiang Electric wind 27% equity, transfer price of 1 yuan/share, the total price of 83.7 million yuan, compared to the time of Xiang Electric wind energy net worth 420 million yuan, the transaction is very cost-effective. But the Hunan electric shares unexpectedly abandoned the preferential right, by the Hunan Electric Power group to let the original Hong production hold the shares.  At that time, there are 777 million yuan of money, Xiang Electric shares give up the reason is cash flow shortage.  Hunan Electric Power Group, Hunan Electric Power Group, respectively, owns 51% and 49% of the shares of Xiang-electric wind power after the partial share of the shares. In August 2009, Xiang Electric Group pledged to withdraw all of the shares of the Hunan Electric wind power before the end of 2010, and not to hold the shares of Xiang Electric wind power.  This August, the Hunan Electric shares "allotment statement" further clarified that the controlling shareholder will inject this part of the stake into the listed companies.  Now in December, there are only 24 days left until the holding shareholder has pledged to withdraw.  Equity injection will add 60% net profit according to industry analysts, Xiang Electric wind power is the domestic wind turbine manufacturers, the growth potential of large, its 49% equity injection or thickening company 60% net profit. Data show that Xiang Electric wind as the domestic machine manufacturers rookie, the industry as the most likely to challenge Sinovel, Goldwind, Oriental Electric traditional fan three of the reserve army. 2009, the registered capital of Hunan Electric power increased from 310 million yuan to 900 million yuan, abundant funds to the development of Xiang Electric wind provides a solid guarantee.  In 2009, the net profit of Hunan Electric Wind was 972 million yuan, and the net profit was 132 million yuan. Shanxi Securities analyst Liang Yumei to "everyJapan Economic news reporter said that, beginning in 2009, Xiang Electric wind power business has become the pillar industry of Hunan Electric shares, wind power business will lead the rapid growth of listed companies profits. Another brokerage analyst, who declined to be named, also told reporters that the company's 2 MW wind turbines this year in hand orders for 500 units, next year, the target of 800. According to 4500 yuan/MW to calculate, Xiang Electric wind power 49% of the corresponding net profit of 360 million yuan. Xiang Electric shares are expected to achieve a net profit of 580 million yuan next year, so as to see 49% Xiang Electric wind power injection or the company to increase the thickness of 60% of the net profit.  However, due to the lack of specific programmes, asset evaluation price, the number of targeted additional equity is still unknown, so the ultimate impact on the company's performance depends on the specific plan. Xiang Electric Wind This "sweet cakes" can be successfully injected into Xiang electric shares? The daily economic news will keep track of the matter.
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