This announcement details the implementation of cash options for dissenting shareholders of Inner Mongolia Pingzhuang Energy Co., Ltd. following its merger with Longyuan Power Group. The last trading day for Pingzhuang Energy shares is December 16, 2021, with cash options available from December 23 to December 29, 2021, at a price of 3.50 CNY per share. Following the completion of cash options, Pingzhuang Energy will enter delisting procedures.
Summary generated by AI · Always verify with source document
Longyuan Power Group Co., Ltd. has received approval from the China Securities Regulatory Commission for the absorption merger of Inner Mongolia Pingzhuang Energy Co., Ltd. and significant asset sales, as well as cash purchases of assets and related transactions on December 8, 2021.
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.