A股發行價低于預案區間下限東電B轉A進程再提速【中國證券報】
繼2月21日(ri)披露換(huan)股(gu)(gu)(gu)(gu)吸(xi)收合并預案后(hou)，東(dong)電(dian)B于9日(ri)再次公告，確認浙(zhe)能(neng)(neng)電(dian)力A股(gu)(gu)(gu)(gu)發(fa)(fa)行價格，同(tong)時浙(zhe)能(neng)(neng)電(dian)力控股(gu)(gu)(gu)(gu)股(gu)(gu)(gu)(gu)東(dong)浙(zhe)能(neng)(neng)集團就浙(zhe)能(neng)(neng)電(dian)力上市后(hou)A股(gu)(gu)(gu)(gu)股(gu)(gu)(gu)(gu)票相關事宜作(zuo)出增持(chi)承(cheng)諾(nuo)。此(ci)舉意味著東(dong)南(nan)發(fa)(fa)電(dian)“B轉A”項(xiang)目進程再提(ti)速。截至4月8日(ri)收盤，東(dong)南(nan)發(fa)(fa)電(dian)自復(fu)牌之日(ri)起，累計漲幅已達35.89%。
公告(gao)顯示，浙能電力(li)本(ben)次(ci)換股吸收合(he)并將(jiang)發(fa)行(xing)(xing)(xing)1,072,092,605股A股股票，發(fa)行(xing)(xing)(xing)股數占浙能電力(li)本(ben)次(ci)發(fa)行(xing)(xing)(xing)完(wan)成后總(zong)股本(ben)的11.77%；本(ben)次(ci)公告(gao)最終確定(ding)發(fa)行(xing)(xing)(xing)價(jia)格(ge)(ge)為5.53元(yuan)/股，與此前預案中公布的5.71元(yuan)/股至6.63元(yuan)/股的預計發(fa)行(xing)(xing)(xing)價(jia)格(ge)(ge)區間的平均值相(xiang)比，下(xia)降10.37%。
除(chu)定價時的資本(ben)市(shi)場情況、浙(zhe)能(neng)電(dian)力(li)合并東(dong)(dong)南發電(dian)后的盈(ying)利情況以及火力(li)發電(dian)行(xing)業A股(gu)(gu)可(ke)比公(gong)司估值(zhi)水平等因素外(wai)，公(gong)司將中小股(gu)(gu)東(dong)(dong)利益保護也作為(wei)重點考(kao)慮指(zhi)標并依據以上因素綜合考(kao)慮定價。如根據原發行(xing)價格(ge)區間(jian)進(jin)行(xing)測算，換(huan)股(gu)(gu)比例相應(ying)為(wei)0.739至(zhi)0.858，而浙(zhe)能(neng)電(dian)力(li)調低發行(xing)價格(ge)后最終確(que)定換(huan)股(gu)(gu)比例為(wei)0.886，即持(chi)(chi)股(gu)(gu)股(gu)(gu)東(dong)(dong)所持(chi)(chi)有的每1股(gu)(gu)東(dong)(dong)南發電(dian)股(gu)(gu)票可(ke)以換(huan)取0.886股(gu)(gu)浙(zhe)能(neng)電(dian)力(li)A股(gu)(gu)股(gu)(gu)票。
浙(zhe)能(neng)電(dian)(dian)(dian)力(li)是浙(zhe)能(neng)集團(tuan)作為(wei)運營電(dian)(dian)(dian)力(li)板(ban)塊業(ye)務(wu)的(de)主要業(ye)務(wu)平臺。截至2012年12月31日，浙(zhe)能(neng)電(dian)(dian)(dian)力(li)共控(kong)股(gu)13家火力(li)發(fa)電(dian)(dian)(dian)廠(chang)，控(kong)股(gu)裝機容量1934萬千瓦。
據預測，2013年浙能電力凈利潤將繼續保持較快增長，預計全年實現歸屬于母公司所有者的凈利潤達44.60億元。