Announcement on the Cash Option Declaration Results and Transfer for the Share Swap Absorption Merger of Panzhihua New Steel Vanadium Co., Ltd.

✨ AI Summary

Panzhihua New Steel Vanadium Co., Ltd. is undergoing a significant asset restructuring through a share swap absorption merger with Panzhihua Steel Group's Chongqing Titanium Industry Co., Ltd. and Sichuan Changcheng Special Steel Co., Ltd. The cash option declaration period was from April 9 to April 23, 2009. As of April 23, a total of 2,633,478 shares of Panzhihua New Steel Vanadium and 7,701 shares of Chongqing Titanium were declared for cash options, with the transfer completed on April 27, 2009.

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