There are still variables in Kowloon Electric Power Directional additional

The turnover rate is only 0.06%, more than 300,000 hands of the bill to seal the death of a firm to open, two-tier market will be "unlimited trading" to meet the Kowloon Power (600292.　　SH). September 20, 2010, the suspension of more than two months of the Kowloon Electric Power announced targeted additional plans, the company intends to 9.17 yuan/　　The price of the shares to the large shareholder of China Electric Power Investment Group Corporation (hereinafter referred to as the CLP), the directional issuance of more than 185.38 million shares, the collection of nearly 1.7 billion yuan in cash to buy the major shareholders affiliated enterprises owned 9 Desulfurization assets projects and the above project in the 4 projects under construction follow-up input.　　However, the two-tier market on the hot-holding of targeted additional programs, the success of the General Assembly to consider the adoption of a question mark. The reporter noted that when the Board considered the directional additional issue, the three directors Heng Hengrong, Du Jianjun and Yu Bingquan of Zhongqing Energy investment group were voted against.　　Chongqing brokers believe that, according to the current situation, if Chongqing can vote at the shareholders ' meeting vote against the words, the possibility of the adoption of directional additional proposals is very small. Although the two shareholders have always kept a low-key stealth, the major shareholder of the Kowloon Electric Power Investment Group is a giant crocodile. As at the end of 2009, the total assets of CLP Investment group amounted to $376.3 billion. Only in the Shanghai and Shenzhen cities, China Electric Investment Group held a holding of power (600021. SH), Zhang Ze electric power (000767. SZ), Kowloon Electric Power, Kyrgyzstan electric shares (000875. SZ), opencast coal industry (002128.　　SZ) five listed companies.　　The operation of the Kowloon Electric Power, China Electric Investment group obviously want to play the former as its own environmental protection business platform. In the blueprint outlined by the CLP Group, the company has been taking "power generation" and "Power environmental protection" as the main business of the Kowloon Electric Power, through the directional additional, the proportion of its power generation businesses will gradually decline, the proportion of environmental protection business will rise sharply.　　In addition, China Electric Investment Group has promised that, in the future, China Electric Investment Group will gradually acquire the non-environmental protection assets of the Kowloon Electric Power, and build up the Kowloon Electric Power as an environmentally friendly listed company with environmental protection as its main business.　　However, in the two-month suspension, the large shareholder of the CLP Group apparently with two shareholders Chongqing can not agree to vote. This directly prompted Chongqing to vote for the three directors in the consideration of directional additional links cast a negative vote. Its objections are two points, one is that the proportion of original shareholders will be diluted. According to the ceiling of 185.39 million shares, the shareholding ratio of China Electric power Investment Group is expected to rise from 30.62% to 55.36%, while the proportion of other shareholders will fall to 44.64%.　　Among them, Chongqing can cast the proportion of the shareholding will fall from 14.73% to 9.47%, and the second is the targeted issue of the acquisition of funds to buy the investment group's assets, its price can not finally judge whether the fair. A broker in Chongqing pointed out that during the suspension period, the Kowloon Electric Power obviously made some adjustments in the scheme. For example, when the start of the suspension of the Kowloon Electric Power is a "major asset restructuring", only from the size of assets, the scale of assets involved must reach the end of 2009 5.325 billion Yuan 50%, that is, more than 2.627 billion yuan, but in fact, the targeted additional assets involved only 1.7 billion yuan.　　In addition, the Chongqing brokers said that the Kowloon Electric Power in the disclosure of information may be flawed. The SSE stock listing rules show that listed companies should disclose the consent of each proposal obtained by the Board, the number of votes against and abstaining, and the reasons for opposing or abstaining from the directors concerned, while the Kowloon Electric Power only disclosed the identity and objections of three dissenting directors, and one of the directors abstained in the scrutiny of the retention proceeds arrangement,　　However, the Kowloon Electric Power did not disclose the identity of the director and the reasons for abstaining from voting. Plan or be strong no "two-tier market to hold the Kowloon Electric Power is optimistic about its direction after the prospect of additional." "said a person in Chongqing brokerage.　　But investors may have overlooked the possibility that two of its shareholders, Chongqing, could cast a negative vote at a shareholder meeting, and that the potential for a directional additional issue in Kowloon would be very slim.　　According to the relevant provisions, as the Kowloon Electric Power of the targeted issue related transactions, the majority of the shareholders of the power investment group will avoid the vote, the voting shareholders, must have more than two-thirds of the shareholders vote in favour, can escort the bill successfully through the general meeting of shareholders to consider.　　With the current total equity of 334 million shares in Kowloon, Chongqing, which has a two shareholder position, has 49.25 million shares of Kowloon Power after deducting 102 million shares that the CLP has to avoid voting. More importantly, there are some heavyweight shareholders in the Kowloon Electric Power, only Chongqing can cast took direction. 2010.5 Annual report shows that the fourth largest shareholder of the Kowloon Electric Power company Chongqing Pine Algae, the five largest shareholder of Chongqing Energy Investment Group Materials company, the largest shareholder Chongqing Tianfu mining companies are Chongqing can invest in the actual control, the number of their holdings are 4.92 million shares, 3.28 million shares, 3.28 million shares.　　In addition, Chongqing can cast its own company, namely Chongqing Tianfu Mining Company Supplies Branch also holds 1.28 million shares of Kowloon Electric Power.　　By this rough statistics, Chongqing can cast and its control enterprises in the Jiulong power of at least 62.01 million shares. According to the ownership structure of the Kowloon Electric Power, if only 80% of the remaining 232 million shares were to vote after deducting 102 million shares of the vote, the plan would be rejected even if all the shareholders in Chongqing could vote in favour.　　At this point of failure, the shareholders attending the meeting should account for 86.76% of the total share capital of Kowloon Power. It is noteworthy that, from the Jiulong power of the previous shareholders of the General Assembly vote, the participation of shareholders in the General Assembly vote on the proportion of shareholders is not high.　　As a result of this targeted issue will open a network vote, the last time to open a network of Kowloon power to vote for example, that is, in January 2006 when the share reform, the shareholders of the shares accounted for only 60.96% of the total equity. "The next work of China Electric Investment Group is to make good investment with ChongqingCommunicate and try your best to get the other person's approval. "The interior of the Kowloon Electric Power said. And this reporter also on September 20, 2010 repeatedly called Chongqing can vote general manager, Kowloon Electric Power director Heng Hengrong, but its mobile phone has been unanswered.