000763SZSE

Announcement by China National Petroleum Corporation on the Expiration of the Tender Offer for Jinchao Petrochemical Co., Ltd.

Jinhua Group··3 pages

✨ AI Summary

This announcement informs stakeholders about the expiration of the tender offer for Jinchao Petrochemical Co., Ltd. on December 14, 2005. The offer aimed to acquire at least 85% of the company's shares at a price of RMB 4.25 per share. As of December 12, 2005, over 89.54 million shares had been accepted, representing 92.32% of the total shares. If conditions are met, the company's listing will be terminated.

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Full Translation

AI Translation· azure_openai

Announcement on the Expiration of the Tender Offer for Jinchao Petrochemical Co., Ltd.

China National Petroleum Corporation (hereinafter referred to as "CNPC") announced on November 15, 2005, the tender offer report for Jinchao Petrochemical Co., Ltd. (hereinafter referred to as "Jinchao Petrochemical") to all shareholders except CNPC, according to the China Securities Regulatory Commission's opinion document [2005] No. 117. The tender offer period will expire at the end of trading on December 14, 2005, at 15:00.

Basic Information on the Tender Offer

  1. Target of the Tender Offer: All circulating shareholders of Jinchao Petrochemical
  2. Tender Offer Period: November 15, 2005, to December 14, 2005
  3. Purpose of the Tender Offer: The purpose of this tender offer is to terminate the listing status of Jinchao Petrochemical.
  4. Payment Method: Cash payment
  5. Shares Involved in the Tender Offer:
Share TypeOffer PriceNumber of Shares OfferedPercentage of Total Shares
Circulating SharesRMB 4.25 per share150 million shares19.05%

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