China National Petroleum Corporation (CNPC) has announced a comprehensive tender offer for the shares of Jinzhou Petrochemical Co., Ltd. based on the opinions issued by the China Securities Regulatory Commission (CSRC) under document number [2005] 117. On November 15, 2005, CNPC published the "Tender Offer Report for Jinzhou Petrochemical Co., Ltd." and issued a comprehensive acquisition offer to all shareholders of Jinzhou Petrochemical Co., Ltd. except for CNPC.
000763SZSE
Announcement on the Comprehensive Tender Offer for the Shares of Jinzhou Petrochemical Co., Ltd. by China National Petroleum Corporation
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China National Petroleum Corporation announced a comprehensive tender offer for shares of Jinzhou Petrochemical Co., Ltd. The offer price is set at 4.25 RMB per share for 150 million shares, representing 19.05% of the total equity. The purpose of the acquisition is to terminate Jinzhou Petrochemical's listing status. The offer period is from November 15, 2005, to December 14, 2005.
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