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Up Energy’s Fund Utilization Plan 2013-14<br />
Upon <strong>com</strong>pletion of rights issue,RMB 340 million will be raised for<br />
the production and operation of the 3 existing coal mines in Fukang,<br />
as well as for other coal resources acquisition projects in the future.<br />
In the fiscal year of 2013-14, Up Energy will generate sales<br />
revenue of RMB 2 billion.<br />
From 2013 to 2016, the existing 3 mines will use RMB 370 million<br />
operating cost. The anticipated operating cost of the proposed<br />
acquisition will be RMB 800 million.<br />
35<br />
© 2005-2013 Up Energy Development Group Limited.<br />
All rights reserved.
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