news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

on the evening of september 18, china shipbuilding (600150) and china heavy industry (601989) both announced that they were planning a major asset reorganization. china shipbuilding will absorb and merge china heavy industry by issuing a shares to all shareholders of china heavy industry. after the reorganization, china heavy industry will terminate its listing and cancel its legal person status, and china shipbuilding will become the surviving company.both companies will resume trading on september 19.

according to the announcement, the exchange price of china shipbuilding is set at 37.84 yuan per share. the exchange price of china heavy industry is set at 5.05 yuan per share. the exchange ratio between china heavy industry and china shipbuilding is calculated to be 1:0.1335.

determine the exchange price

china shipbuilding announced on the evening of september 18 that the company's stock will be suspended from september 3, 2024 due to the planning of major asset reorganization, and will resume trading on september 19, 2024. this major asset reorganization involves china shipbuilding absorbing china heavy industry by issuing a shares to all exchange shareholders of china heavy industry, which constitutes a related transaction and does not lead to a change in the actual controller.

on the same day, china heavy industry announced that the company and china shipbuilding are planning a major asset reorganization. china shipbuilding will absorb and merge china heavy industry by issuing a shares to all shareholders of china heavy industry. this transaction constitutes a major asset reorganization and related transaction. after completion, china heavy industry will terminate its listing and cancel its legal person status. china shipbuilding will become a surviving company with the actual controller unchanged. the stock will resume trading on september 19. the exchange price of china shipbuilding is determined to be 37.84 yuan per share based on the average stock trading price of 120 trading days before the pricing benchmark date. the exchange price of china heavy industry is 5.05 yuan per share, and the exchange ratio is determined accordingly. the exchange ratio between china heavy industry and china shipbuilding is 1:0.1335, that is, every 1 share of china heavy industry can be exchanged for 0.1335 shares of china shipbuilding.

promoting the preservation and appreciation of state-owned assets

prior to this, on the evening of september 2, china heavy industry issued a notice on the suspension of trading due to the planning of major asset restructuring. china heavy industry and china shipbuilding are planning to merge china heavy industry by issuing a shares to all shareholders of the company. in order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, china heavy industry will suspend trading from the opening of the market on september 3, 2024, and the suspension is expected to last no more than 10 trading days.

it is understood that after years of development and cultivation, china shipbuilding and china heavy industry have formed a full industrial chain production and manufacturing system for ship assembly, including shipbuilding, ship maintenance, and electromechanical equipment. they continue to launch world-leading military and civilian products for strategic tasks such as marine safety, deep-sea scientific research and resource development. against this background, china shipbuilding and china heavy industry have a high degree of business overlap in the field of ship assembly, which constitutes intra-industry competition. this reorganization aims to respond to the guiding ideology of the third plenary session of the 20th cpc central committee on deepening the reform of state-owned assets and state-owned enterprises, complete the requirements of the state-owned assets supervision and administration commission's "work plan for improving the quality of central enterprises holding listed companies" on improving and strengthening the main responsibilities and businesses of state-owned enterprises, solve the intra-industry competition between china shipbuilding and china heavy industry in the field of assembly business, integrate and integrate scientific research and production systems and management systems, promote the professional, systematic and coordinated development of each member unit, realize the implementation of the three-year action plan for deepening reform, and promote the preservation and appreciation of state-owned assets.

pan helin, a member of the information and communication economy expert committee of the ministry of industry and information technology, told a reporter from china securities journal that this move will fully integrate the military ship equipment development systems of china shipbuilding and china heavy industry, and promote the overall leap of the core capabilities of the military industry. at the same time, it will deepen the restructuring and integration, standardize the competition among peers in the ship assembly business, and promote the preservation and appreciation of state-owned assets, so as to seize industry opportunities and build a world-class shipbuilding enterprise.