China Huadian Energy 480 million acquisition of mineral-triggered restructuring conjecture

Source: Internet
Author: User
Keywords Acquisition Huadian Group Hing Edge
Every reporter Li Zhihua electricity Energy (600726, closing price 4.49 Yuan) yesterday announced that the company intends to own funds 479 million yuan to acquire Heihe Mining Co., Ltd. (hereinafter referred to as Hing Edge mining) 70% of the equity.  In the news of the stimulus, Huadian energy only five minutes after the opening of a large number of buy Tanra rose to trading.  Industry insiders said that the acquisition of Hing-edge mining 70% equity is only a trigger for trading, the future asset restructuring is expected to attract the real reason for market funds. 480 million acquisition of Hing Edge Mining 70% shares of Huadian Energy yesterday announced that the company on June 29 with Hegang Dongxing Group and Dragon Electric Group signed the transfer of shares agreement, to 329 million yuan to acquire Hegang Dongxing Group Co., Ltd. Holdings of Hing Edge Mining 47.76% Equity,  At the same time, 150 million yuan to buy Dragon Electric Group Co., Ltd. Holdings of Hing Edge Mining 22.24% Equity, the total acquisition of Hing Edge Mining 70% stake, the total price of 479 million yuan. The announcement showed that the hing edge Mining coal reserves of 46.8988 million tons, of which recoverable reserves of about 30.5841 million tons, the approval capacity of about 600,000 tons/year.  Huadian Energy said that the acquisition of Hing Edge Mining can provide a stable coal source for the company's power plant, which is of great significance for stabilizing regional coal prices and enhancing economic benefits of power plants.  Asset consolidation is worth looking forward to the announcement of the disclosure, the company's stock price immediately by the market funds of the speculation, yesterday opened only five minutes, the stock price will be firmly sealed trading board. From the SSE disclosure of trading situation, yesterday to buy the first Wanguo Hubei Wuhan Zhongshan Road Sales department sold 9.2369 million Yuan, the second security letter securities Beijing Yuanda Road Sales department 9.0707 million Yuan, is yesterday's main driver of the surge of energy.  It is noteworthy that the sale of the first Galaxy Securities Hohhot business turnover is only 3.4148 million yuan, and buy the fifth sales department 4.4913 million Yuan is still 1 million yuan. One industry source said that the reason for the company's strong trading yesterday is not just the acquisition of the Hing Edge mining industry, from all indications, the future of the company may face large-scale asset restructuring.  This is what the market funds are really interested in. The report of the day announced that the major shareholder Huadian Group has long been located in the northeast of the asset integration platform, Huadian group in the northeast of the main power plants, including Tieling power plant and Hulan Ergi power Plant, the company is expected in 2010 to complete the acquisition of the two power plants. Plus the company's existing projects under construction, the company 2011 years after the rights of the installed capacity is expected to reach more than 7.74 Million-kilowatt.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.