China electric power to open additional 3 billion shares applied for approval by SFC

NetEase Finance November 17 News of the State Electric power Wednesday evening issued a notice, according to the SFC issued the Audit committee 17th results, the company's public offering a shares of a share of the application has been approved. August 5, 2010, the National Electric Power Shareholders General Assembly to consider the adoption of the company to open the issue of a shares of a share of the relevant bills, the proposed release of not more than 3 billion shares, raise funds not more than 9.7 billion yuan, for the acquisition of China National Power Group Holdings in Zhejiang Beilun third Power Generation Co., Ltd. 50%,　　Guo Dian Xinjiang Power Co., Ltd. 100% Equity, Guo Dian Jiangsu Jian-Wall Power Generation Co., Ltd. 100%, Guo Dian Jiangsu Electric Power Co., Ltd. 20% equity. In addition, the remainder of the collection of funds is intended to be used for investment companies to build their own power supply Sichuan Dadu Waterfall Hydropower project, Jiangsu Company Jian-Wall power plant expansion project, Dalian Development Zone cogeneration Project, Gansu Jiuquan Cogeneration project, Jilin Yanbian Prefecture Daxing Chuan hydropower project.