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More than a week of trading in hubei energy released on July 27 non-
public issuance of stocks plans. The company to raise funds shares
have total will not more than 3.25 billion yuan, will be used in hubei
JiYueShan lichuan respectively a wind farm, phase ii project and
natural gas pipeline engineering projects.
The Yangtze river power or participate in the subscription
Announcement, hubei energy plan to not less than 7.33 yuan per share
price, directional issue no more than 443.5 million shares to raise
money, total will not exceed 3.25 billion yuan, of which, after
deducting issuance expenses of net raising money is no more than 3.19
billion yuan. The second largest shareholder power may participated in
the Yangtze river non-public issuance of stocks. By December 31, 2010,
the Yangtze river of hubei electric power energy hold 36.76% of the
shares.
Be worth what carry is, the successful implementation of the word if
shares, can help to improve financial status, hubei energy sinking
lower risk. Related data show that by the end of December 31, 2010,
hubei province energy consolidated financial statements for working
capital 5.741 billion yuan, asset-liability ratio to 67.25% in 2010
and the financial cost is 974 million yuan. The announcement also
said: "higher financial expenses and debt levels influence the
company's profitability and the ability to resist risk caused to the
company, a heavy burden."
Whip round to 7 big projects
As for the use of raising funds, hubei energy, said will be used in
hubei lichuan JiYueShan wind farms in the first and second phase of
the project and XiaoChang-qianjiang, jingzhou-public security-first,
wuhan-the red stone, HuangBei macheng-four natural gas pipeline
engineering projects. In addition, still can use $957 million added
operating funds.
It is reported, JiYueShan wind farm project is located in lichuan
city, hubei province JiYue planning area three periods of development.
The first two phase is expected to raise funds to use a total
investment of 764 million yuan. JiYueShan wind farms first period
engineering total installed capacity of 49.3 mw, plan 18 months is
built, the completion of the project is expected to fasten the
Internet for 86.97 million kilowatt hour average power; JiYueShan wind
farms phase ii project total installed capacity of 49.5 mw, plan 15
months after the completion of the project is expected to build, year
after year for 88.2796 million kilowatt hours of electricity
generating capacity average Internet access.
In addition, hubei energy will also be a total investment of 1.47
billion yuan for the construction of XiaoChang-qianjiang natural gas
pipeline, jingzhou-public security-stone first gas transmission
pipeline, wuhan-red cliff natural gas pipeline, HuangBei-(GongAn)
natural gas pipelines macheng 'a engineering projects. These natural
gas pipeline engineering built in wuhan city, red, to MaChengShi,
JiaYuXian, ChiBiShi, ShiShouShi, GongAnXian, loose the AIDS and
natural gas transportation county.
Related material shows, hubei energy the main three business, natural
gas business grab an eye most performance. Hubei in 2010 sales volume
of 135 million natural gas energy standard cubic, in the province of
market share quickly from the zero up to 9%. In 2010 the annual
report, hubei, "1025 energy revealed" during will gradually formed
hydropower and thermal power, nuclear power, new energy, natural gas,
coal and financial "6 + 1" the business combination, "1025 plate at
the end of the" energy supply of hubei a proportion of the total
energy consumption by 2.87% in 2009 will increase to 13% or so.