Guangdong Electric Power: Planning the reorganization of suspension of assets injection can be period

Guangdong Power, which has been expected to inject assets, yesterday announced plans for a major asset restructuring, and its shares and bonds have been suspended since June 30. Within 30 days from the date of suspension, the company will disclose major asset reorganization information in accordance with relevant requirements.　　If the company fails to review and disclose the relevant issues within the above period, the company's shares and bonds will be subject to a duplicate on July 30, with a commitment to refrain from planning major asset reorganization within 3 months of the recovery. For the reasons for the suspension, yesterday, Guangdong Electric Group, Guangdong Electric Power Chairman Pan Li to our correspondent confirmed that the group is currently planning to inject some of the assets into the listed companies, but did not disclose which assets.　　Analysts believe that the current Guangdong electric power holding shareholder of Guangdong Electric Group, the number of assets, future assets are injected in the direction of clear, before the Guangdong Electric power to the group to complete the targeted placement of the group has been the first step of the overall listing, and the Guangdong Electric power suspension to accept the group injection, but also to the overall listing of Guangdong Electric Power Group A further step.　　Guangdong Electric Power was down 3.01% per cent before its suspension, at $6.45.　　Subsequent asset infusion in anticipation this year began to pay attention to Guangdong Electric power of the Bo-Dingdan has told reporters, pay attention to and buy Guangdong electric power is the future of the Guangdong Electric Group to inject its assets, and then realize the overall listing of expectations, its speculation, the future group has more assets injected into it. "Guangdong Electric group assets will be injected into the listed companies this is a matter of sooner or later, the future group to achieve a step-by-step overall listing is also determined." Guangzhou Securities researcher Zhang Guangwen also said so. He believes that the Guangdong Electric group has been in various ways to solve the Guangdong Electric Power A and related transactions and competition. Therefore, in order to solve the related transactions, the entire asset will be considered after the injection and integration, this direction is determined. Last year, there has been gradual injection of additional signs, the future will continue this situation.　　At the same time, Zhang Guangwen said, from last year to this year, the Guangdong Sasac to the provincial enterprises to consolidate the strength of assets, Guangdong Electric Group to its resources integration is one of the first.　　Prior to that, Guangdong Electric Group also issued a promise announced that Guangdong Electric Power is the group's power generation business of the core enterprises and the only listed companies, Guangdong Electric Group will be in the condition of maturity through asset injection and other ways to gradually reduce the competition with Guangdong Electric Power, support the development of Guangdong Electric power. Insiders believe that, as the Guangdong Electric Group's only listed companies, Guangdong Electric Group to achieve the overall listing, Guangdong Electric Power is its only platform. At the same time, some analysts said, Guangdong Electric Group to reduce competition, the shutdown of some of its power plant units, transfer of power plant equity.　　These actions are a foreshadowing of the overall listing in the future. Assets to be injected into profitability so, what is the Guangdong Electric group which assets will be injected into the listed companies? Zhang Guangwen said, "Yue Electric group too much, now can only wait for the reorganization plan out." The group's assets are dispersed, and many assets are jointly invested, and there are independent projects under construction, so it is difficult to guess. "The data show that Guangdong province Yue Electric Group Co., Ltd. Guangdong province is the most powerful, the largest power generation enterprises. to 200At the end of 9 years, the company's total assets amounted to 150 billion yuan, controllable capacity of 19.7872 million kilowatts. At present, Guangdong Electric Group's existing wholly-owned, holding, shareholding units more than 80, the core industry involving thermal power, hydropower, wind power, nuclear, LNG and other energy, diversified industries involved in coal, shipping, natural gas receiving station, cogeneration, equipment manufacturing, finance, ports and other fields.　　Owned power plant 28, of which million kilowatt-grade power plant 11.　　China Merchants Securities Research and Development center Peng Quangang that as of the end of 2009, Guangdong Electric Group total assets are 5 times times the electricity, the controllable installed capacity is Guangdong electric Power 3 times times, Guangdong Electric Group Asset quality, profitability strong, follow-up of the acquisition is worth looking forward to. Zhang Guangwen also analysis, the last directional additional after the completion of the current Guangdong Electric Power group of Guangdong Electricity A's shareholding has risen to 52.51%, from the largest shareholder maximum holding limit of less than 23% of the space, and the group has not injected assets will far more than this. At present, Guangdong Power a stock price is depressed, the debt rate can also be abundant, cash flow is also ample, the capital injection combined with refinancing is unlikely. But after the group capital injection, the equity will be closer to the critical point, after the Guangdong Electric group if the capital injection may be combined with listed companies refinancing.