Article: ANHUI WENERGY JOINS FORCES WITH HUAINAN MINING GROUP


AsiaInfo Services
01-22-2009
Anhui Wenergy Joins Forces with Huainan Mining Group

HEFEI, Jan 22, 2009 (SinoCast Daily Business Beat via COMTEX) -- Anhui Wenergy Co., Ltd. (SZSE: 000543), the pillar heat and power producer in Anhui Province, plans to introduce Huainan Mining (Group) Co., Ltd. into its controlled subsidiary Wenergy Ma'anshan Power Generation Co., Ltd. in a proposed capital expansion of the subsidiary.

Wenergy intends to pour CNY 216.7622 million in cash into Ma'anshan Power while Huainan Mining Group will inject CNY 463.2378 million. Then the registered capital of Wenergy Ma'anshan Power will rocket from CNY 120 million to CNY 660 million, and 51% and 49% owned by Wenergy and ...

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