Securities Code: 000024
Securities Abbreviation: China Merchants Property
Announcement Number: [CMPD] 2015-176
China Merchants Shekou Industrial Zone Holdings Co., Ltd. (hereinafter referred to as "China Merchants Shekou") has received approval from the China Securities Regulatory Commission for the issuance of A-shares to absorb and merge with China Merchants Property Development Co., Ltd. (hereinafter referred to as "China Merchants Property" or "the Company") and to raise supporting funds, as per approval document [2015] 2766. According to the arrangement of this merger, the B-shares must be delisted prior to the A-shares. The B-shares of the Company were approved for delisting by the Shenzhen Stock Exchange under document [2015] 504 and were delisted on December 11, 2015. Recently, the Company submitted an application to the Shenzhen Stock Exchange for the delisting of its A-shares, which was approved under document [2015] 538. The delisting of the Company's RMB ordinary shares will take effect from December 30, 2015.
The relevant information regarding the delisting of the Company's A-shares is as follows:
- Share Type: RMB Ordinary Shares
- Share Abbreviation: China Merchants Property
- Share Code: 000024
- Delisting Date: December 30, 2015
Thus, the Company's A-shares will be delisted from December 30, 2015. After the close of trading on the share conversion registration date (December 29, 2015), except for the shares held by China Merchants Shekou and its wholly-owned subsidiaries, the A-share shareholders will convert their shares at a ratio of 1:1.6008 into A-shares of China Merchants Shekou, meaning each share of China Merchants Property A-shares can be exchanged for 1.6008 shares of the newly issued A-shares of China Merchants Shekou. The B-share shareholders will convert their shares at a ratio of 1:1.2148 into A-shares of China Merchants Shekou, meaning each share of China Merchants Property B-shares can be exchanged for 1.2148 shares of China Merchants Shekou.
The Company and all members of the Board guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.