Changjiang Electric Power 168 Million US Dollars To Participate In Russian Power Company IPO
In the evening of December 1st,
Yangtze Power
(600900.SH) announcement, the company intends to invest $168 million to subscribe to the Russian EuroSibEnergo Limited (hereinafter referred to as EuroSibEnergo) in Hongkong.
IPO stock
。
At the same time, the two sides will also set up a joint venture to jointly develop Siberia and Far East in Russia.
Power resources
And power pmission to China.
In September 27, 2010, the company signed a cooperation framework agreement with EuroSibEnergo. On this basis, in November 25, 2010, the two sides signed the "placing agreement" and the "cooperation agreement on the joint development of Russian power generation projects and sending electricity to China and Russia". The Yangtze River electric power will be the cornerstone investor to participate in the initial public offering of EuroSibEnergo in Hongkong.
Changjiang electric power is currently China's largest hydropower listed company, mainly engaged in hydropower business, and its controlling shareholder is China Three Gorges Corporation.
EuroSibEnergo is Russia's second largest hydropower company, the fourth largest power company and Russia's largest private power company. Its controllable installed capacity of 19 million 460 thousand kilowatts has been put into operation, of which 15 million kilowatts of hydropower and 4 million 460 thousand kilowatts of thermal power.
Russia is rich in hydropower resources and is mainly distributed in Siberia and Far East, but its development and utilization are relatively low.
The two big companies join forces to meet the development strategy of Changjiang Electric Power, which is conducive to the expansion of the company's scale, further enhancing the competitiveness of the company and contributing to the long-term development of the company.
Some analysts believe that the Yangtze River electric power is actively investing in order to avoid fluctuations in the performance of hydro power.
At present, investment income has become an important source of profits for the Yangtze River.
The latest financial data show that in the first three quarters of 2010, the company achieved a revenue of 17 billion 400 million yuan, and realized a net profit of 7 billion 160 million yuan attributable to shareholders of listed companies, of which the investment income was 710 million yuan.
- Related reading
- Collocation | Guming Ting Dress: How To Dress Color Matching Skills
- Fashion posters | Gumingting Women's Clothing: How Do The Short Girls In The Fall Match Their Clothes?
- Fashion makeup | Do You Want To Take A Look At The Ladies' Collocation?
- Fashion blog | How Can College Girls Wear Them? Get Shows Best In Skills.
- DIY life | Girl BF Wear Wind. Actually You Can Be Cool And Very Wet.
- Market topics | Strange Circle: "After 70 Stocks, 80 After The Real Estate, 90 After Speculation, 00 After Fried Shoes" Are Not Reliable.
- News Republic | Net Profit Decreased By More Than 30% In The First Half Of The Year And The Flying Bird Could Still Fly High.
- Fashion brand | In Korean Drama Middle School Workplace Wear, Take Korean Drama Wear 5 Skills.
- Fashion blog | The Hottest Pants In The Early Autumn, The Short Legs And Legs, The Girl's Savior, Even The Temperament Has Become Advanced.
- Fashion character | At The Age Of 16, Guo Xiang Was Dressed In A Pink Navel To Assemble Jeans.
- In Order To Enhance The Agent'S Actual Combat Experience, Organize The Training Of The Birds.
- Four Levels Of Salesmen
- Cultivating "Mulberry Branch Edible Fungus" And Broadening Sericulture Farmers' Wealth Road
- Salesmen Should Be Distinguished.
- How Can A Salesperson Make Good Use Of Business Cards?
- Exports Of Machinery And Clothing Industry Increased Steadily
- An Excellent Clothing Store Salesperson Attracts Customers.
- Textile And Garment Industry: Long Term Optimistic About Textile, Clothing And Footwear Industry
- Announcement Of Henan Xinye Textile'S Return To Raise Funds With Its Own Funds
- Thailand Or Exemption From Footwear And Other 10 Categories Of Commodity Import Tax