NetEase Finance Jan. 27 hearing Xichang Electric Power announced late yesterday that given the current conditions are not ripe, the company decided to terminate this significant asset restructuring, the company shares will resume trading from January 27 transactions.
Previously, the largest shareholder of Sichuan Xichang Electric Power Electric Power Company intends its major asset restructuring, Xichang Electric Power stock on December 30, 2010 suspension continuously ever since.
market for the company's restructuring has had high expectations. The largest shareholder of the company's Power Company in Sichuan Province, in 2007, made 15.16% of the shares of the company, but has no real assets into. Sichuan Electric Power Company is currently holding three public companies, namely Xichang Electric Power, Leshan Electric Power and star power, but also shares of ST Min electricity. From a business point of view, these four companies have the coincidence, but the Sichuan Electric Power Company is a subsidiary of National Grid, as a result of Chang Wangfen power system has increased the major shareholders from the integration of resources into the company's assets more difficult.
the same day, the company released the results of Letters show that the company achieved operating income of 510,749,200 yuan this year, an increase of 27.7%; net profit of 174,826,300 yuan, an increase of 11.75%; earnings per share were 0.48 yuan, an increase of 11.75%. The reasons for the growth performance is reflected in two aspects: the company transferred the Muli Muli County Big Sandy River Hydropower Development Company and Sichuan Huadian West River Hydropower Development Company of the shares, thus substantially increase their investment income; companies hair, power supply over the previous year there is a certain increase.
Xichang Electric Power suspension on Dec. 29 closed at 9.41 yuan, the stock limit, opening today in order to limit-down price, stock price volatility after the opening bell, but by sales.
(This article Source: NetEase Finance)
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