Important Notice:
-
The company's stock (stock codes: 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 "China Merchants Shekou Holdings") and listed on the Shenzhen Stock Exchange.
-
On December 10, 2015, the company distributed cash options to dissenting shareholders registered after the close of trading on the cash option record date (A-share record date: December 7, 2015; B-share record 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. Other 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 cash option declaration deadline and contact the company for cash option exercise declaration work.
-
Shareholders with A-share cash options can declare to exercise their cash options in full or in part at a price of 23.79 CNY per share during the declaration period (between December 11 and December 17, 2015) from 9:30 AM to 11:30 AM and from 1:00 PM to 3:00 PM, transferring their shares to the cash option provider, China Merchants Industry Co., Ltd. Shareholders with B-share cash options can declare to exercise their cash options at a price of 19.46 HKD per share during the same time frame, transferring their shares to the cash option provider, China Merchants Group (Hong Kong) Co., Ltd.
-
The absolute value of the Delta for the rights contained in the A and B share cash options is less than 5%. According to the "Guidelines for Cash Options Business of Listed Companies on the Shenzhen Stock Exchange (2011 Revision)," the company will implement cash options through manual declaration. The declaration and settlement of cash options will be completed manually.
-
According to the share exchange absorption merger plan, the exercise price for A-share cash options is based on a 9.99% premium over the average trading price of the 120 trading days prior to the board resolution announcement date, set at 24.11 CNY per share, minus the completed 2014 profit distribution plan, resulting in 23.79 CNY per share. The exercise price for B-share cash options is based on a 10.02% premium over the average trading price of the 120 trading days prior to the board resolution announcement date, set at 19.87 HKD per share, minus the completed 2014 profit distribution plan, resulting in 19.46 HKD per share. On December 7, 2015 (the last trading day for the company's stock), the closing price for A-shares was 40.50 CNY per share, representing a 70.24% premium over the cash option exercise price. The closing price for B-shares was 35.30 HKD per share, representing an 81.40% premium over the cash option exercise price. Exercising cash options may result in certain losses; investors are advised to be cautious of investment risks.
For detailed information regarding this share exchange absorption merger plan, please refer to the full text of the report published on November 28, 2015, on the Shenzhen Stock Exchange website (www.szse.cn) and the Giant Tide Information website (www.cninfo.com.cn), as well as related announcements issued by the company.