China shares return to a-share plan

NetEase Financial December 30 News in the return of shares of a A-share scheme released, the 4-month suspension of road and bridge construction today announced that the shares proposed in the initial public offering of a A shares, in order to share the merger and consolidation of road and bridge construction, the realization of a shares in the Shanghai Stock Exchange, road and bridge construction will be returned to the city and cancellation of legal personality,　　The stock exchange becomes the surviving company.　　The share of the shares issued no more than 3.5 billion shares, the initial public offering of a shares is divided into two parts: a part of public investors to public offerings to raise cash; Road and bridge construction of the exchange rate of 14.53 yuan/share, compared to road and bridge construction of the board resolution of the first 20 trading days of the average price of 11.81 yuan/share 23.03% of the premium, as the shares in the initial public offering price of a A shares to be determined through the inquiry, so the share ratio is still　　The shareholders who have objected to this acquisition may exercise the option of cash in accordance with the price of RMB 12.31/share.　　The exchange of shares before the merger, the direct and indirect share of the total ownership of road and bridge construction 61.4% of the shares for road and bridge construction of the controlling shareholder.　　In exchange for the first public offering of a shares, the exchange of shares and the construction of road and bridge will be beneficial to the integration of resources, the scale effect and the synergistic effect, reduce the cost of information disclosure and reduce the competition among the peers.　　After the completion of the merger, the shares will have H-shares and a-share two capital operation platform, for the share of the bigger and stronger to broaden the source of funds.　　The process of exchanging shares for share exchange and bridge construction does not affect the net profit of the shares, and the net profit of the shares in the parent company will increase after the merger is completed. Profile: China Stock Exchange is a leading transport infrastructure company in the four core business areas-infrastructure construction, infrastructure design, dredging and equipment manufacturing business are the industry leader.　　With more than more than 50 years of experience, expertise and expertise in a wide range of projects, the shares can provide customers with comprehensive solutions covering all phases of the infrastructure project. The shares are more active in China, especially in the three most prosperous and fastest-growing Bohai Bay, Yangtze River Delta and Pearl River Delta region, and also play a mainstay role in the development strategy of China's west.　　At the same time, the shares in the business also spread over more than 70 countries and regions in the world, mainly in Southeast Asia, the Middle East, Africa, CIS and South America. In the past 3 years, the income and profits of the shares have been steadily increasing, 2007, 2008 and 2009, respectively, the exchange of shares to achieve operating income of 1,517 4.5 billion yuan, 1,804 3 billion yuan and 2,284 8.6 billion yuan, the annual composite growth rate of 22.71%; The net profit of the parent company is 5.112 billion yuan, 5.875 billion yuan and 6.825 billion yuan respectively, and the annual compound growth rate is 15.55%. Road and bridge construction shareholders can share the longStable growth and performance returns. Road and bridge construction is mainly engaged in domestic and foreign high-grade highways, special large bridges, municipal engineering, railways, tunnels, airports and other infrastructure construction, is the first listed companies in domestic highway construction industry.