Kowloon Electric Power Announces non-public issue plan Trading

NetEase Finance September 20 News Jiulong Electric Power yesterday (September 19) evening announced the Non-public offering plan.　　After the release, the company's environmental business revenue accounted for a significant increase in the company will be gradually transformed into a science and technology environmental protection listed companies, and become China's electric Power Investment Group environmental protection industry platform. Plans show that the Kowloon Electric Power to its controlling shareholder of China Electric Power Investment Group (hereinafter referred to as CLP) Non-public issue of about 185 million shares of common shares, raise funds will be used for the acquisition of the CLP's subordinate enterprises owned by Pingdingshan Luyang Power generation 2x　　1000MW units, such as 9 desulfurization assets projects and the above projects in the follow-up investment. The pricing base date for the Non-public offering of the company is September 20, 2010, with a price of 20 trading days, that is 9.17 yuan/share, which is the basis for pricing benchmark, which will be subscribed in cash.　　Prior to the transaction, the company held a 30.62% per cent stake in the CLP, after the transaction, the company held a stake of less than 55.36%, the actual control of the company before and after the transaction has not changed. Kowloon Electric Power (600292) after opening today, a strong seal of trading board.