China General Nuclear Power Corporation will not admit it has bought 1 MDB's EDRA Energy
by Ganesh Sahathevan
A series of announcements and screenshots, taken from the 1 MDB,
China General Nuclear Power Corporation (CGN) andHong Kong Stock Exchange websites have been copied and pasted below .
As the HK Stock Exchange website extract shows, CGN did make a
public announcement of its supposedly very significant deal with 1 MDB to purchase the latter's energy assets ,held under Edra Energy.
CGN officials have refused to respond to email queries seeking clarification of the matter.Norton Rose Fullbright, CGN's legal advisors in the matter ,while happy to advertise their involvement in the deal,have also refused to comment on what they have advertised,despite inviting media inquiries.
END
A series of announcements and screenshots, taken from the 1 MDB,
China General Nuclear Power Corporation (CGN) andHong Kong Stock Exchange websites have been copied and pasted below .
As the HK Stock Exchange website extract shows, CGN did make a
public announcement of its supposedly very significant deal with 1 MDB to purchase the latter's energy assets ,held under Edra Energy.
CGN officials have refused to respond to email queries seeking clarification of the matter.Norton Rose Fullbright, CGN's legal advisors in the matter ,while happy to advertise their involvement in the deal,have also refused to comment on what they have advertised,despite inviting media inquiries.
END
Malaysian state fund 1MDB has agreed to sell its energy business in a $2.3 billion cash deal China General Nuclear Power Corporation (CGN) as it seeks to cut its debt and restore investor confidence in the Southeast Asian country.
CGN POWER (1816 ) | |||
Company/Securities Name: | CGN Power Co., Ltd. - H Shares | ||
Principal Activities: | Operate and manage nuclear power stations, sell electricity generated by these stations, manage and oversee the construction of nuclear power stations and provide related technical research and development and support services. | ||
Chairman: | Zhang Shanming | ||
Principal Office: | Science & Technology Building No. 1001 Shangbuzhong Road Shenzhen, Guangdong Province PRC | ||
Place Incorporated: | PRC | ||
Listing Category: | Primary Listing | ||
Industry Classification: | Utilities - Utilities - Electricity (HSIC*) | ||
Registrar: | Computershare Hong Kong Investor Services Ltd. | ||
Listing Date : | 10/12/2014 | ||
Trading Currency: | HKD | ||
Authorised Shares: | N/A | ||
Issued Shares: (Click here for important notes) | 11,163,625,000 (as at 30/11/2015) | ||
Par Value: | RMB 1.0000 | ||
Board Lot: | 1000 | ||
Market Capitalisation: | HKD 28,913,788,750 (H Shares only) | ||
Financial Data (Extracted from Company's Final Results) | |||
Financial Year End Date: | 31/12/2014 | ||
Net Asset Value: | RMB 50,788,560,000 | ||
Net Profit (Loss): | RMB 5,712,568,000 | ||
Earnings per Share: | RMB 0.1715 | ||
Last Updated: | 8/1/2016 |
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Release Time | Code | Stock Name | Document | ||
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06/01/2016 20:10 | 01816 | CGN POWER | Announcements and Notices - [Inside Information] INSIDE INFORMATION - OPERATION BRIEFINGS FOR THE FOURTH QUARTER OF 2015 (86KB, PDF) | ||
05/01/2016 16:42 | 01816 | CGN POWER | Monthly Returns Monthly Return of Equity Issuer on Movements in Securities for the Month Ended 31 December 2015 (447KB, PDF) | ||
31/12/2015 17:32 | 01816 | CGN POWER | Announcements and Notices - [Other - Business Update] Voluntary Announcement - Yangjiang Unit 3 is Qualified for Commercial Operation (66KB, PDF) | ||
04/12/2015 18:26 | 01816 | CGN POWER | Monthly Returns Monthly Return of Equity Issuer on Movements in Securities for the month ended 30 November 2015 (446KB, PDF) | ||
27/11/2015 19:01 | 01816 | CGN POWER | Announcements and Notices - [Inside Information] Inside Information - Construction Progress of Taishan Nuclear Power Generating Units (68KB, PDF) | ||
23/11/2015 12:03 | 01816 | CGN POWER | Announcements and Notices - [Other - Miscellaneous] Voluntary Announcement - Change of Name of a Subsidiary (71KB, PDF) | ||
05/11/2015 19:43 | 01816 | CGN POWER | Announcements and Notices - [Terms of Reference of the Audit Committee] TERMS OF REFERENCE FOR THE AUDIT COMMITTEE UNDER THE BOARD OF DIRECTORS (Effective upon approval by the Board of Directors on November 5, 2015) (212KB, PDF) | ||
04/11/2015 17:34 | 01816 | CGN POWER | Monthly Returns Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 October 2015 (449KB, PDF) | ||
29/10/2015 16:25 | 01816 | CGN POWER | Announcements and Notices - [Inside Information] INSIDE INFORMATION - CONSTRUCTION PROGRESS OF HONGYANHE UNIT 4 (69KB, PDF) | ||
29/10/2015 12:06 | 01816 | CGN POWER | Announcements and Notices - [Overseas Regulatory Announcement - Trading Update] OVERSEAS REGULATORY ANNOUNCEMENT (182KB, PDF) | ||
08/10/2015 19:01 | 01816 | CGN POWER | Announcements and Notices - [Inside Information] INSIDE INFORMATION - ON-GRID POWER GENERATION FROM JANUARY TO SEPTEMBER 2015 (75KB, PDF) | ||
30/09/2015 20:11 | 01816 | CGN POWER | Monthly Returns Monthly Return of Equity Issuer on Movements in Securities for the month ended 30 September 2015 (448KB, PDF) | ||
02/09/2015 17:03 | 01816 | CGN POWER | Monthly Returns Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 August 2015 (448KB, PDF) | ||
28/08/2015 12:07 | 01816 | CGN POWER | Announcements and Notices - [Overseas Regulatory Announcement - Trading Update] An announcement has just been published by the issuer in the Chinese section of this website, a corresponding version of which may or may not be published in this section (1KB, HTM) | ||
27/08/2015 17:18 | 01816 | CGN POWER | Circulars - [Other] Notification Letter and Change Request Form to Non-registered Shareholders (165KB, PDF) | ||
27/08/2015 17:16 | 01816 | CGN POWER | Circulars - [Other] Notification Letter and Change Request Form to Registered Shareholders (161KB, PDF) | ||
27/08/2015 17:14 | 01816 | CGN POWER | Financial Statements/ESG Information - [Interim/Half-Year Report] 2015 Interim Report (7720KB, PDF) | ||
19/08/2015 22:57 | 01816 | CGN POWER | Announcements and Notices - [Interim Results] INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2015 (1067KB, PDF) | ||
19/08/2015 18:34 | 01816 | CGN POWER | Announcements and Notices - [Connected Transaction] Connected Transaction - Disposal of 22.1% Equity Interests in Baoyin Company (100KB, PDF) | ||
16/08/2015 18:45 | 01816 | CGN POWER | Announcements and Notices - [Other - Business Update] Voluntary Announcement - Hongyanhe Unit 3 is Qualified for Commercial Operation (66KB, PDF) | ||
Norton Rose Fulbright advises on US$2.3 billion sale of power assets portfolio; largest M&A transaction in Malaysia to date December 2, 2015 Contacts
Related servicesKey industry sectorsGlobal law firm Norton Rose Fulbright has acted for Edra Global Energy Berhad (Edra) on its US$2.3 billion power assets’ portfolio sale to a subsidiary of China General Nuclear Power Corporation (CGNPC). The transaction is the largest announced M&A transaction in Malaysia to date, and one of the largest in the Asian power sector in 2015. The power assets’ portfolio consists of approximately 3,112MW in Malaysia and 2,482MW in Egypt, Bangladesh, Pakistan and the UAE. The assets are a mix of gas fired (combined cycle and open cycle) and coal fired thermal power plants. The transaction was ceremonially signed by the Malaysian Prime Minister, Najib Razak, and the Chinese Premier, Li Keqiang, on 23 November, and is expected to close by February 2016. Edra is the second largest independent power producer in Malaysia and the largest independent power producer in Egypt. Vincent Dwyer, Head of Energy for Asia-Pacific, Norton Rose Fulbright commented: “This transaction is one of the most significant deals in the energy sector in Asia this year. It’s also an example of a deal that falls under China’s Belt and Road initiative, which will see US$2.5 trillion of outbound investment from China over the next ten years.” The Singapore team was led by partner Vincent Dwyer, supported by partner Nick Merritt, Of Counsel Laurie Pearson, senior associates William Stroll and Magdalene Teo-Yong, and associates Zoe Bromage and Serena Gingell. London based partner Dominic Stuttaford advised on the tax law elements of the deal. Foreign legal consultant Emma de Ronde and partner James Rogers in the Hong Kong office assisted with Hong Kong aspects of the deal. For further information please contact:Agnese Rone, Marketing and Communications Executive, Asia Tel: +852 3405 2445 agnese.rone@ Notes for editors:Norton Rose Fulbright is a global law firm. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia. Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact. |
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