According to reports, Hong Kong's richest man Li Ka-shing's power industry split the Hong Kong electric lights listed on the plan. Power Industry announced that the HEC will be listed on January 29 (Lunar New Year's Day) as soon as possible. The maximum market value will reach 63.4 billion yuan, and the amount of funds raised is estimated to be between 24.5 billion yuan and 44.4 billion yuan. The HEC will be listed as a stapled securities, and the subsequent annual revenue will be distributed to shareholders at 100. It is expected that the distribution rate will be up to 7.26 next year.
The HEC, which is mainly engaged in the power business of Hong Kong Island, has been approved by the Hong Kong Stock Exchange for independent listing. It is expected that the Lunar New Year will be listed before the Lunar New Year. Power has been notified to shareholders on the 15th, and an extraordinary general meeting will be held on January 6 next year to resolve the split of the HEC. The company's independent financial adviser, New Bailey, believes that the spin-off is in the interests of shareholders and is therefore recommended to shareholders. According to the electric energy, up to 10 HEC rights will be reserved, and the power shareholders will be given priority.
The Hong Kong Electric Company, which is independently spin-off, will be called Hong Kong Electric Power Investment. The estimated market value is between $48 billion and $63.4 billion, depending on the final sale pricing. However, the electric power stress of 48 billion yuan will be the lower market value of the HEC. If it fails to meet the standard, the listing plan will be blown up.
HEC is now an energy subsidiary and will become an energy associate after its independent listing. After the spin-off, the power of the HEC will be reduced to a minimum of 30 or a maximum of 49.9. In other words, the HEC's equity interest in the sale of electricity will not exceed 70, based on the median market value of the estimated market value of HK$55.7 billion. The amount of funds raised is estimated to be 39 billion yuan.
The HEC will be listed on the Stock Exchange model. A contracted securities, like a commercial trust, will distribute 100 annual returns to shareholders to provide shareholders with a fixed rate of return. There are only two listed securities that have been listed, including Hong Kong Telecom, which was split by PCCW last year, and the Langham Hotel, which was split last year by Eagle King. The average annual distribution yields are 6.2 and 7.7 respectively.
Electricity is expected to be attributable to the profit of the HEC's shareholders this year, at least 5.18 billion yuan, and 2.77 billion yuan in the next year. If the HEC is successfully listed on the 29th of the year, the annual distribution of the HEC will be close to $3.5 billion. The estimated annual distribution rate is between 5.5 and 7.26.
Instead of directly dismantling the HEC, the electric energy will be applied for listing after reorganizing the assets and injecting it into the newly established peripheral company according to the financial arrangements commonly used for the contracted securities. According to the estimation of electric energy, electric energy can obtain 55.7 billion yuan in revenue through the sale of HEC assets.
In view of the profit distribution of electric energy in recent years, the contribution of overseas investment has become more and more serious, and the profit growth of HEC has not been high. Somerley estimates that without the power of HEC, the annual profit is estimated to be reduced by RMB 3 to 3.6 billion, but the liabilities can be significantly improved and the net asset value can be increased by more than 85 percent. As for the dividend payout for this year and the next year, Somerley believes that there will be no major changes and is expected to maintain the level of last year.
As for the listing risk of the HEC, the Hong Kong Government may revise the power company's profit control scheme in the future, and the HEC may have to bear more claims involving the shipwreck of Lamma Island. Electricity indicates that the total number of claims received or potential claims has not been covered.
Automotive Exterior Plastic Injection Mould
Plastic car exterior parts refer to front and rear bumper moulds, fog lamp moulds, and grilles and all plastic accessories, are requesting high quality with hardened steel 1.2738 or Finkl P20 hard steel in order to guarantee specified mould life such as 1000000shots. Plastic injection material is PP or ABS as per customer's requirement. Ceeto company has skilled design engineering team who is able to design plastic car bumper moulds as per part geometry, bumper mould design will be first considered hidden parting line or visible parting line according to DFM analysis and moldflow report.
Technical information for Car front bumper and rear bumper mould
- Design software: Pro-E
- Mould cavity: single cavity
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Molding material: PP, ABS, PE
- Mould cavity and core steel: 1.2738, P20, P20HH, 718H
- Hot runner system: Synventive, Yudo, HRS, Moldmaster
- Ejection system: Ejector pins, angle lifters
- Leadtime: 120 days
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Mould life: 500000 shots to 1000000 shots
- Mould packing: wooden box
Ceeto Service Scope to manufacture car bumper mould
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Plastic bumper product DFM analysis
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Moldflow analysis
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Plastic car bumper mould design
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Plastic car bumper mould assembly drawing
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Plastic car bumper mould machining
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Plastic car bumper mould testing via injection molding machine
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Plastic car bumper mould packing
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Plastic car bumper samples packing
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Mould spare parts preparation
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We also support you for prototype mould design and manufacture
Plastic car front bumper and rear bumper mould test
Before we ship bumper mould to you, we will have bumper mould buy-off in house together with you, and we must make official at least three mould tryouts and 2000 empty cycle for mould to check if mould function is ok in a certain time.
Normally, you and we attend the validation procedure together and sign off after checking. What we are checking usually are as follows:
- Compatibility with Injection Machine to be used
- Is size of the mould ( Leight* width* Height ) correct?
- Is weight of the mould is correct?
- Are lifting eyebolts fully seated on the mold and not interfering with mold action?
- Are all transportation bars installed and in correct color as you request?
- Are knock-out holes for mechanical ejection and the layout correct as designed?
- Is electric box wired correctly as per injection machine standard?
- Are dimensions of locating ring correct?
- Is radius and orifice diameter of sprue bush correct?
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Are clamping features correct?
- Is the mold construction compatible with robot gripping if applicable to take off part?
Plastic car bumper mould material and heat treatment
What we will also inspect mould material and heart treatment as follows:
- Is any welding used on mold? Is welding process correct for the steel used?
- Have all mold plates been stamped with markings?
- Provide the heat treatment certificate and hardness for all applicable mold components
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Are moving parts nitrided? Provide nitride certificate.
We warmly welcome you to visit us and send us RFQ, we want to be your part of suppliers and we will do our utmost efforts to make high quality of moulds and products, if you have any doubts about technical points, please don't hesitate to let us know, we are looking forward to hearing from you, thanks a lot.
Automotive Exterior Plastic Injection Mould,Injection Molding Automotive Parts,Plastic Car Front Bumper,Plastic Car Rear Bumper
Zhejiang Ceeto Molding Technology Co.,Ltd. , https://www.ceetomold.com