- Stock Code: 000515 Stock Abbreviation: Pangang Titanium Industry Announcement No.: 2009--9
Pangang Steel Vanadium Co., Ltd. announces the progress of the cash option for the share exchange merger with Pangang Group Chongqing Titanium Industry Co., Ltd. and Pangang Group Sichuan Changcheng Special Steel Co., Ltd. The company and all members of the board guarantee the authenticity, 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 Pangang Steel Vanadium, Pangang Titanium Industry, and Changcheng to declare the exercise of cash options, and does not constitute a recommendation for exercising cash options. The cash option declaration period is from April 9, 2009, to April 23, 2009. The cash option implementation has now entered the declaration period, with four trading days remaining until the declaration deadline on April 23, 2009. The relevant listed companies involved in this merger officially released the "Announcement on the Implementation of Cash Options for the Share Exchange Merger" on April 3, 2009.
For detailed information regarding this cash option, investors may refer to the Shenzhen Stock Exchange website (http://www.szse.cn) and the Giant Tide Information Network (http://www.cninfo.com.cn) to review relevant documents. Unless otherwise specified, the interpretations in this advisory announcement are consistent with those in the cash option implementation announcement.