Article: ANHUI HENGYUAN COAL-POWER ADJUSTS SHARE PLACEMENT TO PARENT


AsiaInfo Services
06-30-2009
Anhui Hengyuan Coal-Power Adjusts Share Placement to Parent

HUAIBEI, Jun 30, 2009 (SinoCast Daily Business Beat via COMTEX) -- Anhui Hengyuan Coal Industry and Electricity Power Co., Ltd. (SHSE: 600971) plans to adjust the share placement to its holding company Wanbei Coal Electricity Group Co., Ltd. as it distributes earnings gained in 2008.

The listed company intends to adjust the price to 10.03 per share and the volume to 152.558325 million shares. Adding to certain cash, Hengyuan Coal & Electricity Power wants to acquire the assets and liabilities of Renlou Coalmine, Qidong Coalmine, Qianyingzi Coalmine and their supporting units from Wanbei Coal ...

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