STCN interpretation: Guang-hui Energy and national investment transport Cooperation to promote the development of the northern Xinjiang Railway

On the evening of September 23, Guang-Hui Energy (600256, share bar) (600256) issued a notice that 18th, the company and the National Development Investment Company's wholly-owned subsidiary of the state investment transport companies in Beijing signed the "on the Railway Project cooperation letter of intent", the two sides will jointly promote the north wing out of　　At the same time, we will jointly invest in the construction of the red-Nao three railway, and incorporate the red-Nao three railway into the north-Xinjiang Railway Corridor project. The state investment transportation company dominates the holding investment construction and operates the north-wing Xinjiang Railway channel.　　According to the agreement, the National Investment transportation company will be subject to the red-Nao railway 40% shares, the price is not higher than the paid-in capital of the corresponding shares of 2.1 times times.　　Data show that north of the Xinjiang Railway Channel to the east longitude, Baotou and other areas through the Bohai Bay, to the west of the quasi-eastern-Fuyun-Beitun-Jimunai port, quasi-east-Karamay-Tacheng-buck map Port to Central and Western Asia and Europe, will eventually form the Central Asian region directly to China's Bohai Bay, the　　Xinjiang Red-Nao-San Railway, located in Hami, Xinjiang Uygur Autonomous Region, Lanzhou Red Liuhe Station from the junction of Gansu and Xinjiang, to connect the Naomaohu coalfield to Santanghu coalfield, for the east transport of the broad-hui energy coal.　　Therefore, Kwong Hui Energy said that the red-Nao San Railway into the northern part of the Xinjiang Railway Corridor Project, will enable the company to access the Bohai Bay Coal Transport corridor, enhance the red-Nao three railway transport capacity, and the company's energy business profitability. At the same time, the cooperation will ease the pressure on the broad energy capital expenditure. The National Investment Transportation Company High premium to let the red-Nao railway 40% shares, the Kwong Hui shares will be able to withdraw some funds. It is announced that Guang Hui Energy has 82.3% stake in Xinjiang Red-Nao Tri-Railway Co., Ltd. and the registered capital of Red-Nao three railway company is 3 billion yuan. As at August 31, 2013, the red-Nao-San Railway Corporation received a capital of $1.111 billion.　　The company reported that Red-Nao three railway construction projects only 19.73%, still need 8.2 billion yuan input. In addition, Guang Hui Energy and its controlling shareholder Guang Hui Industrial and state investment transportation Company parent company National Development Investment company has on coal, coal quality utilization, railway areas to reach cooperation.　　Kwong Hui Energy, said the cooperation to give full play to the two sides in the energy sector and the railway network planning and construction of their respective advantages, to establish a deep strategic partnership. (Securities Times News Center)