Chinese power assets injected into the acquisition of five? R Power 63% Equity

Each reporter Li Lingxia china Electric Power (02380,HK) announced that it would take a total of about 4.465 billion yuan (about HK $5.046 billion) at the expense of its controlling shareholder to acquire the main hydropower business of the five? R Power 63% of the equity. According to the terms of the acquisition, 70% of the above acquisition cost of HK $3.126 billion will be paid at a total of 1.476 billion shares per share of HK $2.408, and 30% for HK $1.34 billion in cash.　　It is understood that the price shares than the Chinese electricity June 8 closing price of HK $2.7 per share discount of 10.81%, the cost of China's electricity after the expansion of the share capital of about 29%. Li Xiaolin, chairman of China Electric Power Board, said that after the acquisition, China's electricity will become the largest and most clean mainland independent power supplier listed by the SEHK. Data show that after the completion of the acquisition, China's power capacity will be increased by about 9037 MW at the end of 2008 to 11282 MW, an increase of about 25%, in addition, five?　　R Power has 3 hydroelectric projects under construction, with a total equity capacity of about 1504 MW and is expected to be operational in the coming year. It is reported that five? R Power is the largest independent hydropower producer in Hunan province with assets located in two neighboring provinces of Guizhou province. By the end of last year, five? The total installed capacity of electric power and hydropower accounts for about 40% of the capacity of hydropower Zhu Zangji in Hunan Province, which plays an important role in Hunan power market.