11th Feb 2010 12:33
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Datang International Power Generation Co., Ltd. (a sino-foreign joint stock limited company incorporated in the People's Republic of China) (Stock Code: 991) OVERSEAS REGULATORY ANNOUNCEMENT ANNOUNCEMENT ON INCREASE IN HOLDING OF H SHARES OF THE COMPANY BY China Datang Corporation Special Notice:The board of directors (the "Board") and all directors (the "Directors") of theCompany warrant that there are no false representations and misleadingstatements contained in, or material omissions from this announcement, andseverally and jointly accept the responsibility for the truthfulness, accuracyand completeness of the contents of this announcement.This announcement is made pursuant to Rule 13.09(2) of the Rules Governing theListing of Securities on The Stock Exchange of Hong Kong Limited (the "ListingRules").On 11 February 2010, Datang International Power Generation Co., Ltd. (the"Company") received a notice from China Datang Corporation ("CDC"), thecontrolling shareholder of the Company, about its increase in the holding of aportion of H shares of the Company as at the date hereof through China DatangOverseas Investment Co., Ltd. ("Overseas Investment Co"), a wholly-ownedsubsidiary of CDC. The Company announces the details as follows:
I. Details of the current increase of holding of shares
On 11 February 2010, Overseas Investment Co, a wholly-owned subsidiary of CDC,purchased 124,000,000 H shares of the Company via off-market transactions inHong Kong. Prior to the current purchase of shares, CDC held 3,959,241,160 Ashares of the Company and Overseas Investment Co held 234,680,000 H shares ofthe Company, the sum of which representing approximately 35.60% of the totalissued share capital of the Company. After the current purchase of shares, CDCheld 3,959,241,160 A shares of the Company and Overseas Investment Co held358,680,000 H shares of the Company, the sum of which representingapproximately 36.65% of the total issued share capital of the Company.
II. Subsequent purchase plan
CDC intends to continue, through Overseas Investment Co, to purchase H sharesof the Company via on-market or off-market transactions within 12 months fromthe date of the current purchase of shares. The proportion of the total numberof shares to be purchased will not exceed 2% of the total issued share capitalof the Company (including the portion of shares under the current purchase).During the course of the share purchase plan, CDC will make adjustments to itsshare purchase plan or discontinue its intended or undergoing purchase at anytime in view of the changes in market situations or operation needs.
CDC and Overseas Investment Co undertake that they will not reduce their respective shareholdings in the Company during the course of the share purchase plan and the statutory period.
The Company will continue to pay close attention to the increase in thecontrolling shareholder's shareholding of the Company and will issueannouncements in due course in accordance with the requirements of the relevantrules. By Order of the Board Zhou Gang Secretary to the Board
Beijing, the PRC,11 February 2010
As at the date of this announcement, the Directors of the Company are:Zhai Ruoyu, Hu Shengmu, Cao Jingshan, Fang Qinghai, Zhou Gang, Liu Haixia,Guan Tiangang, Su Tiegang, Ye Yonghui, Li Gengsheng, Xie Songlin*, Liu Chaoan*, Yu Changchun*, Xia Qing* and Li Hengyuan*.
* Independent non-executive Directors
vendorRelated Shares:
Datang Intl H