Buy big shareholder power Plant Kaidi Power is determined to develop green energy

Although the directional issuance scheme is not, but Kaidi power has not changed the determination of the development of biomass power generation.　　Today, the company disclosed that it intends to take 400 million yuan to the controlling shareholder Kaidi Holdings transfer of the Yangtze River International Investment Guarantee Co., Ltd. 25% stake, while 54.021 million yuan to buy Kaidi holding direct and indirect shareholding of 11 subordinate biomass power plant 100% equity. Data show that the Yangtze River is a holding subsidiary of Kaidi Holdings, mainly engaged in environmental protection and energy projects and industrial investment, in December 2005, Kaidi Power investment of 250 million yuan won the 25% stake in the Yangtze River, as at June 30, 2010, The net worth of the net assets of the Yangtze River is 1.29 billion yuan, the value of which is 1.47 billion yuan and the value added rate is 13.7%, and the value of 25% of the shares of the surplus Yangtze River in Kaidi power is 366 million yuan. Surplus Yangtze River's main assets for the holding of 18.45 million shares of agricultural development, and in addition, the Wuhan Chang Kai Property Development Co., Ltd., southern Sichuan coal industry Luzhou Coal Power Co., Ltd., Jinping Kaidi Hydropower Development Co., Ltd. long-term equity investment.　　The net assets of the 11 biomass power plants to be purchased are 54 million yuan and the evaluation value is 54.021 million yuan.　　The company said the deal is Kaidi electric power in the previous acquisition of the holding shareholder 9 biomass power plant, in order to speed up the transformation from environmental protection companies to green energy integrated environmental protection companies, another major decision, through the transaction, the company will add 11 biomass power generation projects, which will further accelerate the company to enter the green energy industry pace. It is noteworthy that, June 18, the SFC issued a trial committee rejected the company's directional additional applications, according to the company November 20, 2009 disclosure of targeted additional plans, the company intends to be no less than 12.04 yuan/ The unit is directed to issue more than 150 million shares, raise capital not more than 1.8 billion yuan for Nanling Kedison material Energy power plant projects, such as 7 biomass power generation projects. If the additional success, Kaidi Power will become the domestic biomass power generation of the only listed companies.　　The previous two days, the company's board of directors just agreed to 38.0182 million yuan to buy large shareholder Kaidi Holdings of 9 subsidiaries 100% Equity, and these 9 companies are all biomass power plants. According to the reporter understands, although the company raises the investment project biomass energy generation to have "the green power" the characteristic, but also faces some realistic difficulties, this perhaps is the company directional additional application not to pass the main reason. including rice husk, straw, bark and other sources of fuel costs are not stable, fuel transport and preservation is also a great difficulty, in addition, from the current performance, the contribution is not outstanding, Kaidi Power 2009 Annual report shows that the acquisition of the 9 biomass power plants have more or less losses, although the amount is not large, But it is not certain when it will be profitable.　　The acquisition of the 11 biomass power plant, has not yet put into operation, in the business and operational aspects of the risk, especially the raw materials (fuel) procurement costs control. According to the plan, the company's shares from the July 19 recovery card.