Dalian Port to complete merger of Yingkou Port by share swap
2020-09-07 16:00:51 [Print]
On the evening of September 4, Dalian Port and Yingkou Port issued a statement at the same time, saying that Dalian Port plans to implement share swap and merger with Yingkou Port by issuing A shares, which meant that Dalian Port should issue A shares to all shareholders of Yingkou Port who are involved in the share swap to exchange the shares they hold of Yingkou Port. Besides, Dalian Port plans to issue A shares to no more than 35 specific investors in a non-public way by book-building to raise supporting funds of no more than RMB2.1 billion (USD0.31 billion).
The statement claimed that after the completion of share swap and merger, Yingkou Port would terminate listing and apply to cancel its legal personality. Dalian Port or its wholly-owned subsidiary would inherit all of the assets, liabilities, business, employees, contracts and other rights and obligations of Yingkou Port.
The statement claimed that after the completion of share swap and merger, Yingkou Port would terminate listing and apply to cancel its legal personality. Dalian Port or its wholly-owned subsidiary would inherit all of the assets, liabilities, business, employees, contracts and other rights and obligations of Yingkou Port.
