China National Petroleum Corporation has announced a comprehensive tender offer for shares of Jinjou Petrochemical Co., Ltd. According to the China Securities Regulatory Commission's document [2005] No. 117, titled "Opinions on the Tender Offer for Jinjou Petrochemical Shares by China National Petroleum Corporation," the tender offer report was published on November 15, 2005, inviting all shareholders of Jinjou Petrochemical Co., Ltd., excluding China National Petroleum Corporation, to participate in the acquisition.
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Announcement by China National Petroleum Corporation on Comprehensive Tender Offer for Jinjou Petrochemical Co., Ltd. Shares
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China National Petroleum Corporation has announced a comprehensive tender offer for shares of Jinjou Petrochemical Co., Ltd. The offer price is 4.25 yuan per share for 150 million shares, representing 19.05% of the total share capital. The purpose of the acquisition is to terminate Jinjou Petrochemical's listing status. The tender offer period is from November 15, 2005, to December 14, 2005.
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