Xichang power to terminate asset restructuring today's opening fall

NetEase Finance January 27 News Xichang Electric Power yesterday evening issued a notice that, in view of the current conditions are not mature, the company decided to terminate the major asset restructuring, the company's shares will be on January 27 to deal with a duplicate.　　Prior to this, Xichang Power, the largest shareholder of Sichuan Electric Power Company to carry out a major restructuring of its assets, Xichang Power shares on December 30, 2010 continued to suspend business. The market has always had a high expectation of restructuring the company. The company's largest shareholder, Sichuan Electric Power Company, acquired a 15.16% per cent stake in the company in 2007, but has not injected substantial assets. Sichuan Electric Power Company currently holds 3 listed companies, namely Xichang Electric power, Leshan electric power and star power, also shares the St min electricity.　　From the business, the above four companies are coincident, but the Sichuan Power company for the state Grid Company's subsidiary, due to the power system reform caused by the separation of the plant network increased the large shareholder integration resources, the company's assets injected difficulties. On the same day, the company released the performance of the Express, the company this year to achieve business income of 510.7492 million yuan, an increase of 27.7%, net profit of 174.8263 million yuan, an increase of 11.75% year-on-year, earnings per share of 0.48 yuan, the year-on-year increase of 11.75%.　　Performance growth is reflected in two aspects: the company transferred the Muli County Muli River Shawan Hydropower development Company and Sichuan Huadian Xixi River Hydropower Development company's equity, so significantly improve its investment income, the company's hair, power supply volume than the previous year also has a certain increase. Xichang Electricity December 29 closed on the day close to 9.41 yuan, the stock price trading, today to fall off the price opened, after the opening price shocks, but a larger decline.