Huaneng International injects 1.2 billion fleet, nuclear power assets

Huaneng International (600011) December 1 Evening Notice that the company decided to 1.058 billion yuan to allow Huaneng Energy transportation industry holding company 50% rights and interests of the Shanghai time Shipping company, to 174 million yuan by the group owned by the Hainan nuclear power registered capital of 30% of the rights and interests.　　The two transactions amounted to $1.232 billion. Huaneng International said that the era of shipping 24 of its own types of ships and financing leasing 4 ships, the total capacity of 1.485 million dwt, if the acquisition is completed, the company's coastal power plant coal supply capacity will be further protected, linked transactions will be further reduced.　　The transaction is also one of Huaneng Group's commitment to the company as the ultimate integration of its conventional energy business platform of the actual action, is conducive to further the company to extend upstream to the industrial chain, strengthen the coal storage and transportation capacity. At the same time, through the Hainan nuclear Power stake acquisition, Huaneng International will enter the Hainan Province Power Market, can strengthen the company in the southeast coastal economically developed areas of the scale advantage and market position, this is in 2009 after the establishment of Shandong Shidao Bay Nuclear Power project, the company further expand the nuclear power sector business.