000515SZSE

Announcement on the Termination of Stock Listing

Panyu Titanium Industry Co., Ltd.·May 4, 2009·3 pages

✨ AI Summary

The announcement details the termination of the stock listing for Pan Yu Titanium Industry Co., Ltd. effective May 6, 2009, following a major asset restructuring. Shareholders' stocks will be converted to shares of Panzhihua New Steel & Vanadium Co., Ltd. at a ratio of 1:1.78. The company will ensure the transfer of assets and liabilities to the acquiring entity, and all employees will be absorbed by the new company.

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Full Translation

AI Translation· azure_openai

Announcement on the Termination of Stock Listing

Securities Code: 000515
Securities Abbreviation: Pan Yu Titanium Industry
Announcement Number: 2009--21

Pan Gang Group Chongqing Titanium Industry Co., Ltd. guarantees that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Panzhihua New Steel & Vanadium Co., Ltd. (hereinafter referred to as "Pan Gang Steel Vanadium") intends to implement a major asset restructuring (hereinafter referred to as "this restructuring") by issuing shares to acquire assets from Panzhihua Iron and Steel (Group) Company (hereinafter referred to as "Pan Gang Group") and its affiliates, while simultaneously merging with Pan Gang Group Chongqing Titanium Industry Co., Ltd. (hereinafter referred to as "Pan Yu Titanium" or "the Company") and Pan Gang Group Sichuan Changcheng Special Steel Co., Ltd. (hereinafter referred to as "Changcheng Shares").

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