Friendship shares absorption combined hundred shares two shares unlimited trading

Source: Internet
Author: User
Keywords Shares Friendship
NetEase Finance November 4 News hundred shares and friendship shares at night both announced, the Hundred shares will be 1:0.861 of the proportion and friendship shares for share, Friendship shares for the merger of the surviving company, the hundred shares by the friendship of the merger will terminate the listing and cancellation of legal personality.  At the same time, the friendship shares will be issued to the Hundred Group shares, the acquisition of the Hundred-Union group held in Shanghai eight with 36% Equity and Shanghai Hundred Group Investment Co., Ltd. 100% stake.  According to the announcement, the reorganization of the shareholders who disagree with the exercise of cash options, friendship shares of cash on the price for a a-share of RMB 15.57/share, B shares of 1.342 U.S. dollars/shares, hundred shares of cash on the price of 13.41 yuan/share. The company said that the two transactions together constitute an integral part of the major asset reorganization, any of which did not obtain the necessary approval, then this major asset restructuring will not take effect.  The friendship shares, the hundred shares and the actual control of the assets to be purchased in the current transaction are the Hundred group, so the related transaction of this major asset reorganization constitutes the associated transaction for the friendship shares and the hundred shares. After the completion of the transaction, the new friendship will inherit the friendship shares, hundred shares of all assets and business, and the hundred group injected into the eight with 36% equity and investment company 100% Equity, asset size and profitability will be greatly improved.  The new friendship will become the sole platform for the general merchandise and business assets of the Hundred Union group. Hundred shares and friendship shares due to the reorganization of the issue from July 19 onwards since the suspension, today, two shares trading, Friendship shares all day deal only 2.48 million yuan, and the hundred shares deal 2.68 million yuan, turnover extremely shrinking, the market generally reluctant.
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