The actual conversion ratio of circulating shares

2022-10-03
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The actual conversion ratio of circulating shares of Weichai merged with Hunan torch is 3.41:1

the actual conversion ratio of circulating shares of Weichai merged with Hunan torch is 3.41:1

it is understood that China Construction machinery information

Guide: on November 12, the board of directors of s Hunan torch (6.29,0.00,0.00%) reviewed and approved and initialed the agreement on the merger of Weichai Power and Hunan torch, and disclosed the specification of Weichai Power's plan for share exchange and absorption and merger of Hunan Torch today. The announcement disclosed that Weichai Power issued A-share swap to absorb and merge Hunan torch, Weichai Power

on November 12, the board of directors of s Hunan torch (6.29,0.00,0.00%) reviewed and approved and initialed the "agreement on the merger of Weichai Power and Hunan Torch", and today disclosed the "specification of Weichai Power's plan for share exchange, absorption and merger of Hunan Torch". The announcement disclosed that Weichai Power issued A-share swap to absorb the merger of Hunan torch. Weichai Power is the surviving company after the merger, and all shares except the issued H-shares are listed and traded on the Shenzhen Stock Exchange; Hunan Torch terminated its listing and cancelled its legal personality, and all its assets, liabilities and equity were incorporated into Weichai Power, and "transformed" into a+h listed company

in this stock exchange absorption merger, the share exchange price of Weichai Power is 20 When the force is applied, the rubber material is relatively strong, 47 yuan/share. The share exchange price of Hunan torch is 5.80 yuan/share, and the share exchange ratio is 3.53:1. Based on the number of shares held by the current shareholders of Hunan torch before the implementation of the share exchange absorption and merger plan, the actual share exchange ratio of circulating shares is 3.41:1

at present, the shareholders of Hunan torch are Weichai Power, Zhuzhou state-owned assets and circulating shareholders respectively. Before this stock exchange, absorption and merger, Weichai Power held 28.12% of the shares of Hunan torch through Weichai investment, and the shares of Hunan Torch held by Weichai investment did not participate in the stock exchange, absorption and merger, nor did it exercise the cash option; Zhuzhou state-owned assets holds 7.95% of the shares of Hunan torch, and Zhuzhou state-owned assets promises to give up exercising the cash option, and after the implementation of the share reform and sending shares to all circulating shareholders, the remaining shares will be converted into a shares issued by Weichai Power for this share exchange and merger according to the share exchange ratio of 3.53:1; The circulating shares of Hunan Torch account for 63.93% of its total share capital. The shareholders of Hunan Torch circulating shares can declare and exercise the cash option in whole or in part at the price of 5.05 yuan/share

the board of directors of Weichai Power and Hunan Torch said that after the absorption and completion, Weichai Power will build China's largest auto parts group. It is predicted that the net assets per share of the surviving company after the merger will be changed from 1.72 yuan to 5.95 yuan. Considering the share reform and share exchange factors, this merger will increase the net assets per share enjoyed by the former shareholders of Hunan torch to 1.74 yuan; The earnings per share of the surviving company was changed from 0.14 yuan to 0.80 yuan. Considering the share exchange factor, the merger will increase the earnings per share enjoyed by the shareholders of Hunan torch to 0.23 yuan, an increase of 64.3% compared with that before the merger

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