Zhejiang Expressway Receives Shanghai Bourse Nod for Zhejiang Oceanking Development Merger Plan

MT Newswires Live
06/01

Zhejiang Expressway (HKG:0576) said the Shanghai Stock Exchange approved its plan to acquire Zhejiang Oceanking Development (SHA:603213), a producer of chloralkali-related products, via a merger, according to a Hong Kong bourse filing Friday.

Shares of the road construction company gained over 1% in morning trade Monday.

The merger will be effected by way of a share swap, whereby Zhejiang Expressway will issue 1.08 of an A share for every 1 A share of Oceanking Development.

Oceanking shareholders can also opt for a cash payment.

Zhejiang Expressway will issue A shares at 13.50 yuan apiece, and the conversion price of Oceanking Development is 14.58 yuan per share, the firm previously said.

Both Zhejiang Expressway and Zhejiang Oceanking count state-owned Zhejiang Communications Investment Group as their controlling shareholder.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10