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




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  

Stock Name: 
  CGN POWER
Stock Code:   01816Disclosure of Interests
From Date:    01/04/1999To Date:   08/01/2016Listing Category:   Primary Listing   
News Title:   
All Headline Category and Document Type   



Release TimeCodeStock NameDocument
06/01/2016
20:10
01816CGN POWERAnnouncements and Notices - [Inside Information]
INSIDE INFORMATION - OPERATION BRIEFINGS FOR THE FOURTH QUARTER OF 2015 (86KB, PDF)
05/01/2016
16:42
01816CGN POWERMonthly Returns
Monthly Return of Equity Issuer on Movements in Securities for the Month Ended 31 December 2015 (447KB, PDF)
31/12/2015
17:32
01816CGN POWERAnnouncements and Notices - [Other - Business Update]
Voluntary Announcement - Yangjiang Unit 3 is Qualified for Commercial Operation (66KB, PDF)
04/12/2015
18:26
01816CGN POWERMonthly Returns
Monthly Return of Equity Issuer on Movements in Securities for the month ended 30 November 2015 (446KB, PDF)
27/11/2015
19:01
01816CGN POWERAnnouncements and Notices - [Inside Information]
Inside Information - Construction Progress of Taishan Nuclear Power Generating Units (68KB, PDF)
23/11/2015
12:03
01816CGN POWERAnnouncements and Notices - [Other - Miscellaneous]
Voluntary Announcement - Change of Name of a Subsidiary (71KB, PDF)
05/11/2015
19:43
01816CGN POWERAnnouncements 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
01816CGN POWERMonthly Returns
Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 October 2015 (449KB, PDF)
29/10/2015
16:25
01816CGN POWERAnnouncements and Notices - [Inside Information]
INSIDE INFORMATION - CONSTRUCTION PROGRESS OF HONGYANHE UNIT 4 (69KB, PDF)
29/10/2015
12:06
01816CGN POWERAnnouncements and Notices - [Overseas Regulatory Announcement - Trading Update]
OVERSEAS REGULATORY ANNOUNCEMENT (182KB, PDF)
08/10/2015
19:01
01816CGN POWERAnnouncements and Notices - [Inside Information]
INSIDE INFORMATION - ON-GRID POWER GENERATION FROM JANUARY TO SEPTEMBER 2015 (75KB, PDF)
30/09/2015
20:11
01816CGN POWERMonthly Returns
Monthly Return of Equity Issuer on Movements in Securities for the month ended 30 September 2015 (448KB, PDF)
02/09/2015
17:03
01816CGN POWERMonthly Returns
Monthly Return of Equity Issuer on Movements in Securities for the month ended 31 August 2015 (448KB, PDF)
28/08/2015
12:07
01816CGN POWERAnnouncements 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
01816CGN POWERCirculars - [Other]
Notification Letter and Change Request Form to Non-registered Shareholders (165KB, PDF)
27/08/2015
17:16
01816CGN POWERCirculars - [Other]
Notification Letter and Change Request Form to Registered Shareholders (161KB, PDF)
27/08/2015
17:14
01816CGN POWERFinancial Statements/ESG Information - [Interim/Half-Year Report]
2015 Interim Report (7720KB, PDF)
19/08/2015
22:57
01816CGN POWERAnnouncements and Notices - [Interim Results]
INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED JUNE 30, 2015 (1067KB, PDF)
19/08/2015
18:34
01816CGN POWERAnnouncements and Notices - [Connected Transaction]
Connected Transaction - Disposal of 22.1% Equity Interests in Baoyin Company (100KB, PDF)
16/08/2015
18:45
01816CGN POWERAnnouncements 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

Key industry sectors

Global 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@nortonrosefulbright.com

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.
For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.

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