000916SZSE

Announcement on the Continuous Suspension of Company Stock Until Delisting

North China Expressway Co., Ltd.··2 pages

✨ AI Summary

The announcement details the decision for Huabei Expressway Co., Ltd. to voluntarily delist its stock following a merger with China Merchants Highway Network Technology Holdings Co., Ltd. The stock will be suspended from trading starting December 5, 2017, and shareholders will have the option to exercise cash rights at a price of 4.49 CNY per share. The last trading price was 8.82 CNY per share, reflecting a 96.44% premium.

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Full Translation

AI Translation· azure_openai

Securities Code: 000916
Securities Abbreviation: Huabei Expressway
Announcement Number: 2017-83

Huabei Expressway Co., Ltd. announces the continuous suspension of its stock until delisting. The merger plan with China Merchants Highway Network Technology Holdings Co., Ltd. was approved at the second extraordinary general meeting of shareholders on June 30, 2017, and received approval from the China Securities Regulatory Commission (CSRC) under approval number [2017] 2126. According to the CSRC's opinions on reforming and strictly implementing the delisting system for listed companies and the Shenzhen Stock Exchange's listing rules, the company meets the criteria for voluntary delisting and will apply to the Shenzhen Stock Exchange for the termination of its stock listing (Securities Abbreviation: Huabei Expressway, Securities Code: 000916).

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