China National Petroleum Corporation has announced a comprehensive tender offer for the shares of Jinjou Petrochemical Co., Ltd. According to the China Securities Regulatory Commission's document [2005]117 regarding the tender offer for Jinjou Petrochemical shares, the tender offer report was published on November 15, 2005, inviting all shareholders of Jinjou Petrochemical Co., Ltd. other than China National Petroleum Corporation to participate in the tender offer.
I. Basic Information of the Tender Offer
| Share Type | Offer Price | Number of Shares Offered | Percentage of Total Share Capital |
|---|---|---|---|
| Circulating Shares | 4.25 yuan/share | 150 million shares | 19.05% |
Purpose of the tender offer: The purpose of this tender offer is to terminate the listing status of Jinjou Petrochemical.
Tender offer period: November 15, 2005 – December 14, 2005.