According to the plan, before a whip round turned three projects: buy-out firms big shareholders northern combined power limited liability company (hereinafter referred to as the northern power) held by the north wei jia Mao coal power limited liability company (hereinafter referred to as company) 60% wei jia Mao after acquisition is complete, ownership, wei jia Mao huadian power to inner endowment, companies used to invest in the construction Mao 600 tons/wei jia in strip mine project; Acquisition of north ordos power plant power subsidiary 100% equity; Investment 5 billion yuan in Inner Mongolia in phase iii (2 x power 660MW) expansion project.
Announcement content shows, this adjustment is no change after two and by acquisition, the first paragraph of the northern wei jia power holdings Mao company 60% shareholding, changes for: buying except huadian power other than the inner wei jia Mao held by shareholders of the company after completion of all equity, acquisitions, Inner Mongolia huadian will solely owned Mao company wei jia.
The reason is that change wei jia Mao open coal mine for companies the right to the actual controller huaneng group all,
coal crushing plant complete crushing and screening plant aggregate crushing plant huaneng group to the mining right into 32 billion yuan price wei jia Mao company, after completion, huaneng group, northern power and Inner Mongolia huadian eventually hold the equity of wei jia Mao company 70 percent: 18% : 12%. Inner Mongolia huadian equity be diluted to 12 percent, so the need for acquisitions huaneng group, northern power aggregate holdings of additional 88% equity can wei jia Mao company wholly owned.
Huaneng group for Inner Mongolia and the actual control of huadian power, currently hold the northern power 51% of equity; The northern power for Inner Mongolia huadian controlling shareholders, currently hold the equity of huadian power in Inner Mongolia. In huaneng group to the mining right before a shareholder, the north wei jia Mao company power holding a 60% stake for controlling shareholders; Inner Mongolia wei jia Mao huadian power hold the equity of the 40%.
32 billion yuan by huaneng power international of shares 70% of proportion computation, schemes adjusted, Inner Mongolia 40.2 million yuan investment huadian power needs to be able to put Mao company all wei jia charisma. In view of this, Inner Mongolia huadian also original directional seasoned, by original price adjustment of $9.17 per share, and raised 9.21 yuan/shares for. As the former the issuance of 6 million shares, as this calculation amount unchanged, and is expected to raise funds from the original 55 billion yuan rise for 55.26 billion yuan.
Announcement to say, huaneng group using owned Mao strip mine mining wei jia wei jia company of endowment, wei jia Mao helps maintain the integrity of the assets of the coal company will strengthen the wei jia Mao company sustainable development, management ability; Compared with other methods, to reduce future related party transactions.
Of anonymity, analysts when accepting a reporter to interview, thermal power enterprise to upstream said, realize the integration management is a trend, coal, coal assets from the perspective of Inner Mongolia huadian injected positive news. However, the analysts also said, for huaneng group 32 billion yuan of mining right price inconvenient comments.
According to wei jia announcement, Mao open coal mine is located in southern ZhunGeEr coalfield, resource is rich, coal reserves 10.43 million tons, recoverable reserves for low 7.83 million tons, coal burning coal metamorphism, is long low sulfur, concave ash, concave volatile, high melting point of quality power coal.
Wei jia Mao company intends to use ZhunGeEr energy base of Inner Mongolia autonomous region of the coal resources advantage, build Mao coal wei jia integration projects. Mao coal wei jia integrated project planning construction scale for 8 x 600 mw coal-fired generators and production capacity of 12 million tons of coal open coal mine. First period engineering construction annual 600 million tons of coal open coal mine and 2 x 600 mw coal-fired generators.
According to the project feasibility study report, wei jia Mao 600 tons/year strip mine project financial internal rate of return for 21.21%, the investment rate 21.64%, the investment capital is recovered in 6.6 years.
