000763SZSE

Summary of the Tender Offer Report for Jinzhou Petrochemical Co., Ltd.

Jinhua Group··18 pages

✨ AI Summary

This announcement outlines the tender offer by China National Petroleum Corporation (CNPC) to acquire all circulating shares of Jinzhou Petrochemical Co., Ltd. The purpose is to terminate Jinzhou Petrochemical's listing status, addressing competition and related party transactions. The offer price is set at 4.25 RMB per share for 15 million shares, totaling 637.5 million RMB. The offer is contingent upon receiving at least 31.875 million shares by the deadline.

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Full Translation

AI Translation· azure_openai

Summary of the Tender Offer Report for Jinzhou Petrochemical Co., Ltd.

Acquirer Information

  • Acquirer Name: China National Petroleum Corporation

  • Legal Address: 16 Ande Road, Dongcheng District, Beijing

  • Date of Report Signing: October 28, 2005

Declaration by the Acquirer

This summary is prepared in accordance with the Securities Law of the People's Republic of China, the Regulations on the Management of Acquisitions of Listed Companies by the China Securities Regulatory Commission, and the Guidelines for the Content and Format of Information Disclosure by Companies Issuing Securities No. 17 - Tender Offer Report. This summary fully discloses the shares held and controlled by the acquirer, China National Petroleum Corporation, as of the signing date. Apart from the disclosed shareholding information, the acquirer does not hold any shares of Jinzhou Petrochemical through other means. The signing of this summary has received necessary authorization and approval, and its execution does not violate any provisions of the company's articles of association or internal rules. The purpose of this tender offer is to terminate the listing status of Jinzhou Petrochemical. This tender offer is based on the information contained in this summary. No other person has been authorized to provide information not listed in this summary or to interpret or explain this summary. The purpose of this tender offer report summary is solely to provide the public with a brief overview of the tender offer. The tender offer document is subject to review by the China Securities Regulatory Commission, and this tender offer has not yet taken effect, carrying significant uncertainty. If the China Securities Regulatory Commission raises no objections to the tender offer document, the full tender offer report will be published on November 14, 2005, in the China Securities Journal and Securities Times. Investors should carefully read the full tender offer report before deciding whether to accept the offer and use it as the basis for their investment decisions.

Special Reminder

The acquirer specifically reminds investors that this tender offer for the circulating shares of Jinzhou Petrochemical aims to terminate its listing status. The conditions for the effectiveness of this tender offer are that by 15:00 on the last trading day within the validity period of the tender offer, the number of shares declared for acceptance held temporarily by the registration company must not be less than 31.875 million shares, which is necessary for Jinzhou Petrochemical to meet the requirements for termination of stock listing as per Article 158 of the Company Law. If the conditions are not met, the tender offer will not take effect from the beginning, and the original acceptance declarations will no longer be valid, with the registration company automatically releasing the corresponding shares from temporary custody.

Table of Contents

  1. Definitions

  2. Basic Information on the Tender Offer

  3. Information on the Acquirer

  4. Shareholding Situation of the Acquirer

  5. Professional Institution Reports

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