- Stock Abbreviation: Yangzi Petrochemical
Stock Code: 000866
Announcement Number: Lin 2006-018
China Petroleum & Chemical Corporation announces the termination of listing and remaining share acquisition arrangement for Sinopec Yangzi Petrochemical Co., Ltd.
Special Reminder
China Petroleum & Chemical Corporation and all members of the board guarantee the truthfulness, accuracy, and completeness of the announcement content, and bear joint liability for any false records, misleading statements, or significant omissions. Unless otherwise specified in the text, the meanings of abbreviations in this announcement are consistent with those in the "Sinopec Yangzi Petrochemical Co., Ltd. Tender Offer Report" announced by China Petroleum & Chemical Corporation on March 6, 2006.
The tender offer for the circulating shares of Yangzi Petrochemical officially began on March 8, 2006, and the offer period expired at 15:00 on April 6, 2006. According to the "Sinopec Yangzi Petrochemical Co., Ltd. Tender Offer Report" announced on March 6, 2006, the conditions for the effectiveness of this tender offer are: by 15:00 on the last trading day of the offer period, the number of shares declared for the tender offer held temporarily by the registration company must exceed 117 million shares. If the total number of shares held by China Petroleum and the number of shares declared for the tender offer exceeds 90% of the total share capital of Yangzi Petrochemical, then Yangzi Petrochemical will not meet the listing conditions under Article 50 of the Securities Law. If the conditions for the effectiveness of the tender offer are not met, the tender offer will be void from the beginning, and the original declarations will no longer be valid, with the registration company automatically releasing the corresponding shares from temporary custody.