Shenhua Group launches capital injection to realize capital injection commitment

NetEase Financial December 21 News China Shenhua (601088) December 20 issued a notice that the company intends to open a shares of the first public offering to purchase the parent company Shenhua Group and its subsidiaries held a total of 10 coal, electricity and related business companies in the equity or assets, the total price of about 8.702 billion yuan. The acquisition of the object includes 3 coal companies, 1 power generation companies, 1 clean coal companies and 5 related business companies, specifically: Baotou Mining major coal mine assets and liabilities, Shaanxi Ji Hua Jia Gou Mining Co., Ltd. 95% Equity, Shenhua Po-Le Energy Co., Ltd. 56.61% Equity, Neimenggu Hulunbeier Power Generation Co., Ltd. 80% Equity, Hulunbeier Shenhua Pure Coal Co., Ltd. 60.1% Equity, Shenhua Finance limited 59.29% equity, Shenhua Group Material Trade Limited liability company 100% Equity, Shenhua Tianhong Trading Co., Ltd. 100% Equity,　　Shenhua and Li-time Information Technology Co., Ltd. 80% Equity, Shenhua (Beijing) Remote Sensing Exploration Limited liability company 100% Equity. China Shenhua a A-share market in 2007, Shenhua Group is to propose "mature one, inject a family" of the injection of capital deployment.　　The injection of assets to China's Shenhua shareholders to provide a higher quality of assets assurance, means that Shenhua Group's overall listing strategy has made substantial progress.　　It is reported that the injection of coal assets valuation corresponding to the 2011, 2012, the low price/earnings ratio, and China Shenhua 20th close to 24.32 yuan, corresponding to the 09 price-to-earnings ratio of 15.98 times times, 10 earnings multiples of 13.17 times times, showing the group's support for listed companies. Since 2007, China Shenhua a A-share listing, Shenhua Group is to put forward "mature one, inject a", and gradually complete the coal and power business assets of the overall listing strategic deployment. The injection is an important step to achieve the overall listing of Shenhua Group, but also the beginning of the overall listing of Shenhua Group, from the Shenhua group injected China Shenhua's asset quality, the future injection of capital still deserves the market to continue to look forward to and concern. This injection reflects the Shenhua group's full support for the long-term and stable development of listed companies.　　In the injection of coal power industry assets at the same time, Shenhua Group also developed more mature materials companies, Tianhong company and other upstream and downstream enterprises into the listed companies to provide a full set of support for listed companies to further enhance its overall competitiveness and achieve sustainable development. In terms of pricing that investors are most concerned about, a senior investment banker close to Shenhua told reporters: "The value of the injected coal assets corresponds to the 2011 and 2012 P/E ratio, which is lower than the current price-to-earnings ratio of China Shenhua." "The investment bank further explained:" In the assets injected by Shenhua Group, 2 600,000-kilowatt power plants of the company have been put into operation in December this year, and the Li-Hao coal mine, Shenhua-Ri-Le and opencast coal mine are to be produced in 2011, As a result, the overall asset package's profitability will also be concentrated in 2011 and 2012, and at this time the asset infusion reflects the Shenhua group'sChina Shenhua small shareholder's benefit full consideration. ”