Datang Hair Electronics company funded 3.932 billion joint venture to form a new company

NetEase Financial May 24 News Datang Power wholly-owned subsidiary of Datang Energy Chemical Industry and Beijing Gas group, Datang Group and Tianjin Jin today signed the "Datang Inner Mongolia Kashk Coal Gas Co., Ltd. Investment agreement", will be 51%, 34%, 10% and 5% of the proportion of the formation of Datang Inner Mongolia qi coal gas Company　　To build and operate the 4 billion-party/year project of natural gas production in Hexigten Qi, Inner Mongolia. The announcement shows that Datang power plant wholly-owned subsidiary of Datang Energy Chemical investment 3.9321 billion yuan, the contribution ratio of 51%.　　Its joint venture to establish a flag coal gas company operating period of 50 years. The announcement indicated that the flag coal gas project related investment matters as early as May 30, 2008 Datang Power Generation held the annual general meeting of 2007 has been considered for approval.　　Last August, the National Development and Reform Commission has approved the flag coal gas project.　　Datang Power generation in the first quarter of this year, the net profit of the listed company shareholders is 15.536 million yuan, compared with the same period in 2009 56.93%, the basic earnings per share of 0.0013 yuan. Second-tier market, Datang Power generation today received a rise of 2.51%, reported 7.35 Yuan.