Kowloon Electric Power proposed to add 1.64 billion to acquire Desulfurization project

NetEase Financial December 27 Jiulong Power Night announcement, the company intends to 9.17 yuan/share directed additional 185 million shares. The Non-public offering of the total amount of funds not exceeding 1.64 billion yuan, after deducting the issue fee, used for the acquisition of Pingdingshan Luyang Power generation 2X1000MW units owned by the coal-fired unit and other 9 desulfurization assets projects and the project in the follow-up investment.　　Among them, the amount of investment in the acquisition of desulfurization assets of 1.4 billion yuan, the acquisition of assets in 4 of the construction projects in the follow-up investment of 204 million yuan. Through this private release, not only can quickly enhance the capacity of the Kowloon Electric Power Environmental Protection business scale and sustainable development capabilities, but also as the China Electric Investment Group Environmental Protection industry Development platform, and actively participate in the CLP Investment group in the relevant industry expansion, relying on the overall resource advantages of China Investment Group, in environmental protection projects, environmental protection asset acquisition　　Franchise and capital operation, etc. At present, the Kowloon Electric Power Environmental protection business sales revenue and power generation business income has been basically flat, the company's performance has formed a strong support. The issue of shares raised funds for the acquisition of China Power Investment Group under the company's high-quality environmental protection assets, to carry out the Desulfurization franchise business, can make the company more prominent environmental protection business, competitive ability, but also can effectively enhance the company in the environmental protection industry status and influence, for the company's follow-up focus on the development　　To achieve strategic transformation to create conditions. After nearly a decade of development, the Kowloon Electric Power Environmental protection business of scientific and technological innovation ability significantly improved, the overall strengthening of the quality of human resources, brand and industry influence rapid upgrade, has formed in the relevant areas of professional competence. Through this non-public offering, the company used to raise funds to buy the enterprises under the investment group Desulfurization assets, can give full play to professional advantages, effectively enhance profitability, and for the continued growth of corporate performance to provide new impetus.