www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Top Biz News

Huaneng share sale aims to reduce debt

By Yang Yijun (China Daily)
Updated: 2010-01-19 07:53
Large Medium Small

Huaneng share sale aims to reduce debt

Huaneng Power says a new share issue is expected to increase its market share?and reduce debt.[China Daily] 

Huaneng Power International Inc, the listed arm of the country's largest domestic electricity corporation, said yesterday it plans to raise 8.55 billion yuan in a private share placement to fund new energy projects and reduce debt.

The company's stock surged as high as 5.3 percent to 8.28 yuan in yesterday morning's session before ending up at 8.02 yuan on a 2.04 percent gain.

The power generator said in a statement to the Shanghai Stock Exchange yesterday that it plans to sell as many as 1.2 billion A shares for a minimum of 7.13 yuan each.

Huaneng Power also plans to issue 400 million new H shares to China Huaneng Hong Kong, a wholly owned subsidiary of State-owned Huaneng Group, to expand its business overseas.

The company said the new share issue is expected to increase its market share, improve production efficiency and promote sustainable development.

The move comes after Huaneng Power's announcement on Jan 5 to spend 8.63 billion yuan to purchase nine assets owned by Shandong Power to consolidate its market presence in Shandong and Yunnan provinces.

Related readings:
Huaneng share sale aims to reduce debt Huaneng on the prowl for assets
Huaneng share sale aims to reduce debt Huaneng Power gets local bank funding for buy
Huaneng share sale aims to reduce debt Huaneng to build $703m power generators in Xinjiang
Huaneng share sale aims to reduce debt Huaneng Yimin to hike coal output

Guosen Securities, however, said given the small scale of the total installed capacity of the new investment - 3.95 million kW - the company's new issuance will not have a dramatic impact on the company's earnings in 2010 and 2011.

To date, Huaneng's total installed capacity is approximately 44 million kW.

"Since raised capital has been mainly used to purchase fossil-fuel and wind-power plants - the latter of which has made limited contribution to the company's profits - the capital raising effort will not add much credit to their earnings," said Liu Bo, an analyst at First Capital based in Shenzhen.

Liu said he will maintain the company's rating at "neutral" by setting its earnings per share target at 0.4 yuan in 2010, on the condition coal prices - a key raw material for Huaneng Power - rise 10 percent this year.

Huaneng Power reported a net third quarter profit of 2.17 billion yuan in 2009, a 261 percent year-on-year increase.

At the same time, its earnings per share were 0.18 yuan, with debt of 141.25 billion yuan.

The company said reducing debt was one of the main reasons for selling shares.

主站蜘蛛池模板: 欧美特黄一片aa大片免费看 | 免费看三级毛片 | 日韩一区二区免费看 | 久久99爱视频 | 亚洲一区免费在线观看 | 亚洲成在人线中文字幕 | 精品亚洲综合久久中文字幕 | 亚洲一区二区三区精品影院 | 日韩中文字幕网站 | 成人免费在线观看视频 | 国产一区二区在线观看免费 | 成人黄页 | 久久久国产99久久国产首页 | 亚洲一区二区三区免费观看 | 男女性高清爱潮视频免费观看 | 成人自拍小视频 | 精品国产福利 | 国产精品久久一区二区三区 | 国产成年人在线观看 | 亚洲久久久 | 一级a毛片免费观看久久精品 | 亚洲视频在线观看网址 | 红色记忆 | 国产综合在线视频 | 在线精品视频播放 | 97在线视频免费公开观看 | 2020国产微拍精品一区二区 | 亚洲乱人伦在线 | 国内精品久久久久久久久久影视 | 日本特爽特黄特刺激大片 | 欧美xxxxxxxxxxxxx 欧美xxxxx毛片 | 日韩精品一区二区三区中文在线 | 久久国产中文字幕 | 欧美日韩加勒比一区二区三区 | 亚洲一区日韩一区欧美一区a | 欧美精品久久久久久久久大尺度 | 国产精品久久久久久久hd | 最新国产三级在线不卡视频 | 婷婷色综合久久五月亚洲 | 日日摸天天摸狠狠摸视频 | 精品一区二区三区在线视频 |