000515SZSE

Announcement on the Stock Swap Absorption Merger of Panzhihua New Steel & Vanadium Co., Ltd. and Others

Panyu Titanium Industry Co., Ltd.··5 pages

✨ AI Summary

This announcement outlines the procedures for shareholders of Panzhihua New Steel & Vanadium Co., Ltd., Panzhiyu Titanium Industry Co., Ltd., and Changcheng Special Steel Co., Ltd. to exercise their cash options in the context of a stock swap absorption merger. The first cash option period is from April 9 to April 23, 2009, with specific prices set for each company’s shares. Shareholders who do not exercise their options will automatically receive a second cash option.

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Full Translation

AI Translation· azure_openai
  1. Stock Code: 000515 Stock Abbreviation: Panzhiyu Titanium Industry Announcement No.: 2009-5

Announcement on the Stock Swap Absorption Merger of Panzhihua New Steel & Vanadium Co., Ltd., Panzhiyu Titanium Industry Co., Ltd., and Changcheng Special Steel Co., Ltd. Cash Option First Reminder

The company and all members of the board guarantee the truthfulness, accuracy, and completeness of the announcement content and bear joint liability for any false records, misleading statements, or significant omissions. This announcement serves only as an explanation of the specific procedures and related matters for shareholders of Panzhihua New Steel & Vanadium, Panzhiyu Titanium Industry, and Changcheng Special Steel to declare their cash options and does not constitute a recommendation for exercising cash options.

The relevant listed companies involved in this merger officially released the "Implementation Announcement of Cash Options for the Stock Swap Absorption Merger of Panzhihua New Steel & Vanadium Co., Ltd., Panzhiyu Titanium Industry Co., Ltd., and Changcheng Special Steel Co., Ltd." on April 3, 2009 (hereinafter referred to as the "Cash Option Implementation Announcement"). Investors wishing to understand the details of this cash option can refer to the relevant documents on the Shenzhen Stock Exchange website (http://www.szse.cn) and the Giant Tide Information Network (http://www.cninfo.com.cn). Unless otherwise specified, the interpretations related to this reminder announcement are consistent with the Cash Option Implementation Announcement.

I. Overview of the Cash Option Implementation Plan

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