000024SZSE

Notice on the Implementation of Cash Option for the Absorption Merger of China Merchants Shekou Industrial Zone Holdings Co., Ltd.

✨ AI Summary

This announcement informs shareholders of China Merchants Shekou Industrial Zone Holdings Co., Ltd. about the cash option related to its absorption merger with China Merchants Property Development Co., Ltd. Shareholders can exercise their cash options from December 11 to December 17, 2015, at specified prices. The A-share cash option is priced at 23.79 CNY per share, while the B-share option is priced at 19.46 HKD per share.

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Full Translation

AI Translation· azure_openai

Important Notice:

  1. The company's stock (stock code: 000024, 200024) has been suspended from trading since December 8, 2015. Following this, the stock will enter the cash option distribution, exercise declaration, and settlement phase until it is converted into shares of China Merchants Shekou Industrial Zone Holdings Co., Ltd. (hereinafter referred to as "Shekou Holdings") and listed on the Shenzhen Stock Exchange.

  2. On December 10, 2015, the company distributed cash options to dissenting shareholders registered after the close of trading on the cash option registration date (A-share registration date: December 7, 2015; B-share registration date: December 9, 2015). The number of A-share cash options distributed was 1,349,363, and the number of B-share cash options was 64,500. The remaining cash options could not be distributed due to dissenting shareholders' shares being held in a securities company's credit guarantee account and not passing through the clearing company. Dissenting shareholders wishing to exercise their cash options must transfer their shares from the securities company's credit guarantee account to their regular securities account before the declaration deadline and contact the company for the cash option exercise declaration.

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