Xiang-electric group withdrawing from Hunan Electric wind power to be determined

The fate of Xiang Electric wind power 49%, which is held by Xiang-electric group, has finally made substantial progress.　　Xiang Electric shares (600416, close 28.98 yuan) today (December 29) announced that the Hunan Sasac principle agreed to the Xiang Electric group transfer of the shares, and requested its efforts in the first half of 2011 to complete the above withdrawal.　　However, the daily economic news notes that with the recent announcement of the Hunan Electric shares of the directional additional injection mode, the announcement did not mention how to inject listed companies, investors originally thought that the right to be at their fingertips there are many variables. Xiang Electric group withdrew from Hunan Electric Wind Power Co., Ltd. the announcement said that after the completion of the 2010 rights issue, Xiang Electric group immediately launched the exit of the Hunan Electric wind power related declaration approval process. December 27, Xiang Electric group received the relevant documents of Hunan Province Sasac, the principle agreed that Xiang-electric group according to the regulation of the transfer of 49% of the holding of electricity and wind power, Hunan Electric Power Group to actively promote the transfer of shares, not only to ensure the preservation and appreciation of State-owned assets, but also to promote the company Safeguard the legitimate rights and interests of investors.　　According to the request of Hunan provincial Sasac, Hunan Electric Power Group will further accelerate the withdrawal of wind power from Hunan, and strive to complete the first half of 2011. As the domestic wind turbine manufacturers rookie, Xiang Electric wind has grown into a huge potential for development of assets. 2009, Hunan Electric wind revenue 2.731 billion yuan, to achieve a net profit of 97.24 million yuan. Data show that Xiang Electric Wind was founded in 2006, was established by the Hunan Electric shares and Harakosan production jointly funded by the establishment and each accounted for 50% of the equity. January 2008, the original Hong production will be held in the hands of the Hunan Electric Wind power, to 1 yuan/share of the price transfer 1% to Hunan Electric shares, 22% to Xiang Electric group. After the completion of the transaction, Hunan Electric Power owns 51% of the shares of wind power, the original Hong and Xiang Electric group Holding 27%, 22% of Hunan Electric wind power shares.　　October 2008, the original Hong production of 1 yuan per share of the price of its 27% per cent of the total transfer to the Hunan Electric Group. It is in the case of the Hunan Electric power to give up the preferential right, the Xiang Electric group has obtained the above equity by the small price.　　Hunan Electric Power Group, Hunan Electric Power Group, respectively, owns 51% and 49% of the shares of Xiang-electric wind power after the partial share of the shares. How to inject shares in Xiang Electric power is still suspended last August, Xiang Electric group promised to be in 2010 by the end of the year from the Xiang Electric wind exit, and this August, Xiang Electric Group is explicitly will inject this part of the stake into the listed companies. Xiang Electric shares in the prospectus issued in July this year also made it clear that "Hunan Electric power group plans to take a 49% stake in the Hunan Electric power to subscribe to the new shares in Hunan Power, so that the ownership of the Hunan Electric wind power to integrate into the Hunan electric power shares, such as the withdrawal of wind power. "In terms of pricing," Xiang Electric wind to assess the benchmark Nikkei valuation determined by the value of the net assets and the corresponding 49% equity value to determine the share price, and obtain the approval of the state-owned Assets Supervision and Administration department. "" to the notice before and after the Hunan Electric shares, changeStill a lot of numbers! "One analyst who declined to be named said to the daily economic news," First of all, whether Xiang Electric wind is injected into listed companies by directional issuance, and secondly, whether the pricing is so previously stated "based on the value of net assets and the corresponding 49% equity values. "According to the announcement issued today by Xiang Electric, the only clear is that Xiang Electric group will complete its exit in the first half of next year, but who will take it?" What kind of pricing standard to take?　　None of these most important factors are clear. "If the above equity takes the listing bid transfer, this means that the variable is greatly increased!" "The above people further said, because the Xiang Electric wind now has developed into the industry a piece of incense bun, believe that want to obtain its stake in the enterprise will not be less."　　If there is a competitor involved, this at least means that Xiang Electric shares will likely pay a larger acquisition price, rather than Xiang Electric shares previously vowed to be based on net assets. Fu Taixia, a national Securities analyst, has released a report predicting that the wind revenue of 2010 is about 5.7 billion yuan, with a net profit of about 200 million yuan.