000527SZSE

Announcement on the Termination of Stock Listing and Delisting

Midea Appliances Co., Ltd.··3 pages

✨ AI Summary

This announcement informs that Midea Electric Co., Ltd. will terminate its stock listing on September 18, 2013, following a merger with Midea Group Co., Ltd. Shareholders will exchange their shares at a ratio of 1:0.3447 for Midea Group A shares. The merger will result in Midea Group inheriting all assets and liabilities of Midea Electric, which will subsequently be deregistered.

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Full Translation

AI Translation· azure_openai

Stock Code: 000527

Stock Abbreviation: Midea Electric

Announcement Number: 2013-057

Guangdong Midea Electric Co., Ltd. and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Midea Group Co., Ltd. (hereinafter referred to as "Midea Group") has received approval from the China Securities Regulatory Commission for its application to absorb and merge with Guangdong Midea Electric Co., Ltd. (hereinafter referred to as "Midea Electric" or "the Company") through the issuance of A shares [Approval No. 2013]1014.

According to the merger plan, the Company has submitted an application to the Shenzhen Stock Exchange for the termination of its stock listing. The Shenzhen Stock Exchange has agreed to the termination of the Company's ordinary shares listed in RMB, effective from September 18, 2013 (Wednesday). The relevant information regarding the termination of the Company's stock listing is as follows:

  • Stock Nature: Ordinary shares in RMB
  • Stock Abbreviation: Midea Electric
  • Stock Code: 000527
  • Termination Date: September 18, 2013

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