CLP raises 7.556 billion yuan to increase power generation capacity

CLP Holdings announced here on the 13th that for the first time in 15 years, it will raise funds for the first time. The company will be trading at RMB 63.25 per share (Hong Kong dollar, same below), a 5.8% discount to the closing price on the 12th, placing more than 120 million new shares, and the total fundraising amount is 7.556 billion yuan. yuan. The proceeds will be invested in the electricity business in Hong Kong and the natural gas infrastructure in the Mainland to increase the power generation capacity.

The announcement stated that the company intends to use the net proceeds from the placing to meet the expected investment needs consistent with this strategy in various businesses, including continuing investment in Hong Kong's electricity business and infrastructure related to the supply of natural gas in the Mainland, and increasing the power generation of the Group's market. Capacity (such as the expansion of Fangchenggang and the development of renewable energy projects). The Placing can expand the company's shareholders and capital base and strengthen its financial strength.

It is reported that this is the first time that CLP Holdings has raised funds in the open market of Hong Kong in the past 15 years. The company's stock price fell by nearly 4% after the market opened on the 13th, hitting a new low for over 3 months.

CLP has announced that it has increased its price by 5.9% from January 1, 2013. The rate of increase for the second consecutive year is higher than the average inflation rate.