Datong-Qinhuangdao Railway will be the first fund-raising 15 billion into shares of the railway.

The first railway in Shanghai and Shenzhen stock <P> managing only offering </ P> <P> Datong-Qinhuangdao Railway will be fund-raising 150 billion yuan, a record high proportion of strategic placement, 13 institutional equity financing divide 4.5 billion expansion, the Datong-Qinhuangdao Railway .large market share of passenger and freight transport will be greatly improved. .</ P> <P> after following the Bank of China has an aircraft carrier stock, Datong-Qinhuangdao Railway Co. prospectus published today the official launch of the stock issuance process. .This is the first in Shanghai and Shenzhen market, only the true sense of the railway shares. .</ P> <P> prospectus under the Datong-Qinhuangdao railway, the Datong-Qinhuangdao railway is expected to issue not more than 50 million shares of new shares, the total funds raised to 150 billion yuan. .Since the launch of the circulation issue, after the Bank of China's second-largest amount of IPO financing. .</ P> <P> Datong-Qinhuangdao Railway Corporation in this release prior to the total share capital of 9.946 billion shares, the total share capital after the release will not over 14.946 billion shares. .The valuation of 3 yuan terms, after the listing of Datong-Qinhuangdao Railway will be at least the total market value ranked ninth in the Shanghai and Shenzhen stock markets. .</ P> <P> Datong-Qinhuangdao railway of this release, similar to Bank of China's "strategic placement," "offline placement" and "online issue of" three-pronged approach. .Among them, the strategic placement of subscription amount of about 4.5 billion, representing 30% of the issuance, offline and online issue of placing the issue of this number about 35% (before the opening of the clawback mechanism.) .Strategic placement of up to 30% the proportion of new shares issued in the previous had never seen before. .</ P> <P> relevant documents show that the strategic placement of Datong-Qinhuangdao railway line will be 4.5 billion, China Railway Construction Investment Corporation, China Huaneng Group, China Coal, the Qinhuangdao Port Group, Datang International, with 13 investment institutions party divided. .Including the National Social Security Fund, Ping An Life, China Life and other insurance organizations are 6 ranks of strategic investors. .</ P> <P> Datong-Qinhuangdao railway line purchase date is July 21. .July 13-July 19, Datong-Qinhuangdao Railway will be in Beijing, Shanghai, Shenzhen and Guangzhou, 85 preliminary inquiry inquiry objects, including securities investment fund management company 50, 4 securities companies, finance companies .9, 12 trust and investment companies, insurance companies, six, qualified foreign institutional investors (QFII) 4 family. .Issued after the Datong-Qinhuangdao Railway will be listed on the Shanghai Stock Exchange, is expected no later than the time listed on August 7. .</ P> <P> Datong-Qinhuangdao railway may acquire more railway lines </ P> <P> prospectus published in today's Datong-Qinhuangdao railway, financing speed ready, Shanghai and Shenzhen to greet the first to operate the railway line .the main business of listed companies. .</ P> <P> Shanghai and Shenzhen railway is currently only a handful of Listed Companies, which are located upstream and downstream industry chain, the railway four: the basic materials, including the main supply, construction of the G Tunnel, Times New Materials, New .Steel and Vanadium, etc., operating vehicles and parts manufacturers Jin G West, Northern entrepreneurship, the main signal and control the G XJ, State Power NARI, as well as operators, manager and licensed transport providers G iron, iron .Long logistics. .</ P> <P> Longhua Industrial Securities, told reporters in 2005, higher margin segments of the industry, vehicle parts, rails, railway transport, are located at the top of the railway industry chain and the bottom. .Meanwhile, the downstream market for rail transport capacity is very large, strong demand, dual positive, coupled with the release of transport capacity of the next few years, the growth rate of rail transport will be improved significantly. .In 2006, the bulk of the Railway Bureau, revenue passenger and freight transport is expected to reach 2,000 billion yuan, such a huge market, only two line operator --- Guangzhou-Shenzhen Railway (Hong Kong-listed) and the upcoming Datong-Qinhuangdao Railway, a considerable potential .huge. .In 2005, the Datong-Qinhuangdao Railway main business revenue reached 13.1 billion yuan, with the company 200 million tons Capacity Expansion Project is completed, the bulk of its market share in passenger and freight transport will be greatly improved. .</ P> <P> Datong-Qinhuangdao Railway focused on coal freight, cargo revenue share of 92% or more, Shanxi Province, West Inner Mongolia region of the Datong Coal Mining Group, China Coal Group, Zhungeer coal production and other large energy companies .Basically, the coal company Sinotrans by rail. .HSBC acquired a large sand, North Tongpu other assets, from 2003 to 2005, the company in Shanxi Province, West Inner Mongolia Coal Transport in market share in more than 90%. .</ P> <P> prospectus, in 2005, the company from top 5 customers accounted for combined sales of main business income of the year the proportion was 65.3% and forward five suppliers accounted for the total purchase amount of the annual procurement .33.7%, Datong Coal Mining Group Company is the company's largest customers, shareholders in the wholly-owned Coal Pingshuo Coal Industry Corporation is the company's second-largest customer. .Xu Jie, Huatai Securities, told reporters that the main customers are large companies and enterprises of coal production, production capacity, Sinotrans demand, client concentration is very high, the business is relatively stable. .Meanwhile, the Datong-Qinhuangdao railway coal operating charges increased year by year, this year's April 10 price of coal from the tube has reached 9.3 yuan per ton, the company in the implementation of the conservation of transport, will also face the future with the possibility of price increase coal transportation .It will have a positive impact on company performance. .</ P> <P> prospectus shows that the maximum of 50 million shares to be issued A shares, is expected to raise funds not exceeding 150 million, to cover the acquisition of a large abundance of sand, North Tongpu other assets and Datong-Qinhuangdao railway truck .price, investment 200 million tons in the Datong-Qinhuangdao Railway Capacity Expansion project. .Hua said that capital investment is showing potential for Datong-Qinhuangdao railway. .In her view, a total amount of rail transport operators have an upper limit line, but, through the acquisition, then, the company operating capacity will be greater scope to expand, Datong-Qinhuangdao Railway abundance of sand in the acquisition of a large, North Tongpu line, will absorb two .both passenger and freight transport line transport capacity. .This also shows that acquisition of Datong-Qinhuangdao Railway will be more rail lines. .Longhua view, the expansion mode and different business model, growth of Datong-Qinhuangdao railway logistics may not like the Citroen strong, but the company can continue to absorb the other lines, the growth potential is there. .</ P>.