State power 630 million yuan package transfer of the two power companies equity

Photo of the state power group from June 9 to July 7 in the Shanghai United Property Exchange Package listing the transfer of the state-owned Hainan Daguangba Power Generation Co., Ltd. 30% Equity and state power Peng Lai Power Co., Ltd. 35%, the transfer price of 359.16 million yuan and 272.2 million yuan respectively.　　The project stipulates that in order to avoid competition, the main business of the assignee and its controlling shareholder shall not be engaged in the development, construction, operation and management of the power industry. According to the public information, Guo Electric Hainan Daguangba Power Generation Co., Ltd. formerly known as Hainan Province Daguangba Hydropower Plant, registered capital of 869.22 million yuan. The company is responsible for the operation of Hainan Province Daguangba Water Conservancy and hydropower project, which is located in Hainan Province Dongfang in the Chang-Jiang River basin, is a power generation, irrigation, water and tourism and other comprehensive economic benefits of large-scale comprehensive project, the total investment of 2.1468 billion yuan. Power station to stop the River Dam long 5842m, known as Asia's first BA.　　Power Station installed capacity of 242MW, each year to provide industrial and residential water 81.9 million m3, irrigation farmland 195,000 acres.　　The company was changed to December 30, 2004 by China National Power Group, China Great Wall Asset Management company, the National Development Bank three shareholders of the limited liability company, China National Power Group Holdings 66.1%, China Great Wall Asset Management company, the National Development Bank, respectively, 23.01%, 10.89% equity participation. In accordance with the audit results as at December 31, 2008, the company's existing total assets of 1,609,172,300 yuan, net assets of 197.1724 million yuan, the transfer of the 30% equity of the corresponding net assets of 59.1517 million yuan, the transfer price without a premium.　　The company realized operating income of 176.2726 million yuan in 2008, realize operating profit of 27.2155 million yuan, achieve net profit of 27.2155 million yuan. Guo Dian Peng Power Co., Ltd. is the state-owned Shandong Electric Power Co., Ltd. 85% of the subsidiary, operating two-year state-run Penglai power plant. One phase of the project for 2 units of 300,000-kilowatt domestic coal-fired power generation units, the annual design capacity of 3.3 billion degrees, the second phase of the project for 2 1 Million-kilowatt domestic coal-fired power generation units.　　Company registered capital of 504 million yuan. In accordance with the audit results as at December 31, 2008, the company's existing total assets of 2,761,827,900 yuan, net assets of 777.5321 million yuan, the transfer of the 35% equity of the corresponding net assets of 272.1362 million yuan, the transfer price without a premium.　　In 2008, the company realized operating income of 1,027,135,500 yuan, in the background of last year's industry-wide losses, the company is also difficult to be immune to operating profit-174.069 million yuan. The assignor specifically requests that the transferee be required to purchase shares of the two power plants at the same time. The transferee shall not be transferred for two years (except in the case of consent of the transferor); the transferee shall endorse the company's management team and be able to guarantee the basic stability of the company's management team and endorse the development strategy of the underlying company; project does not accept federated approach。 The assignee should have the basic conditions, including the state-owned or state-controlled enterprises, the registered capital shall not be less than 1 billion yuan, must have good bank credit, good financial situation and support ability, three consecutive years of profit, 2008 total profits of not less than 1 billion yuan , and can provide support and protection for the further development of the target company, the requirement as at December 31, 2008 net assets not less than 3 billion yuan, must have the good commercial credit and the social prestige, has the certain influence in the profession which it engages.