BBMG shares absorption merger Taihang cement two times cash option right

Taihang Cement today disclosed the main contents of the merger and exchange of shares, including two cash options. It is reported that the merger of the way, the golden corner of the group will be Hebei Taihang Huaxin building materials currently holding too cement 30% state-owned shares, in accordance with the BBMG group and the golden corner of the shares holding too much of the share of the stock (that is, the Gold Group holds 66.67%, BBMG shares holding 33.33%), respectively, to the gold corner and the company's shares under the name.　　After the change was completed, the Golden Corner group directly held 20.001% of the stake in Taihang Cement, BBMG shares directly hold the 9.999% stake in the Taihang cement. The exchange of shares to absorb the merger of the ratio of 1.2:1, that is, the Taihang cement shareholders (except the golden corner of the shares) held by a stock of too much cement shares can be in exchange for 1.2 shares in this issue of a share stock.　　Among them, the Taihang cement exchange rate of 10.80 yuan/share, more cement the board resolution of the first 20 trading days of the transaction average price of 10.09 yuan/shares have a 7.04% premium; BBMG shares share price 9.00 yuan/share, the corresponding P/e ratio is 17.13 times times. In terms of cash options, the absorption of the merger to the BBMG Group and the golden corner of the stake outside the Taihang cement shareholders to provide cash options, that is, the exercise of the cash option of the Taihang cement shareholders in their holdings of the Taihang cement shares in accordance with the price of 10.65 yuan/share, all or part of the declaration exercise cash options,　　And the right to cash option by the BBMG group or the Golden Corner Group of other third parties as the cash option provider. Furthermore, the programme includes additional options. Scenario shows that in order to fully protect the interests of the BBMG cement shareholders who participate in the stock exchange, the first day of the stock market, the Golden Corner group or other third party will be to participate in the stock exchange of the Taihang cement shareholders to choose the right, where the first day of the stock a-share trading average price lower than the gold　　The investor who participates in the stock Exchange may exercise the right of choice at the close, and will be transferred to the provider of the option in accordance with the share price of 9.00 yuan/share in the stock exchange. Taihang Cement said today, through the exchange of shares absorption merger, the Golden Corner group will complete the integration of Taihang cement assets, to solve the competition, improve corporate governance structure and so on. This is also the Golden Corner group's commitment to the takeover of the Taihang Cement and the H-shares IPO.