Hubei merged into formal implementation phase today

Salt Lake Potash Fertilizer (000792) and Salt Lake Group (000578) announced at the same time this month from 14th to 18th, began to accept the "dissenting shares of the right to buy and dissent shareholders cash options" declaration, which means that "Hubei merger" today began to enter the formal implementation phase. According to the announcement, this "Hubei" objection shares the right to purchase and the objection shareholder cash option of the right to register the registration date of January 31, 2011, the declaration period of February 14, 2011 to February 18, the Declaration of Non-stop Licensing, the two companies from the reporting period of the end of a trading day,　　That is, February 21, 2011 began a special suspension, until the merger of the implementation of the absorption, Salt Lake Potash fertilizer will be absorbed by the merger of the new shares to start trading day.　　It is noteworthy that the Salt Lake Group began to suspend business since February 21, 2011, until the completion of the termination of the listing procedures, so February 18 will be Salt Lake Group last trading day, the company's shares from 21st to the listing. The objection of Salt Lake Potash fertilizer to the right to purchase the right to claim the price of 51.46 yuan/share, the exercise of dissent shares the right to purchase claims equivalent to 51.46 yuan/share price to sell the company's shares and obtain cash on the price.　　If the investors exercise the right of dissent shares acquisition, will no longer hold the right to declare Salt Lake Potash related shares. As of February 11, Salt Lake Potash, the closing price of 59.02 yuan, the right to claim the rights of dissent shares purchase 51.46 yuan/share 14.69%.　　In this respect, Salt Lake Potash fertilizer company said that compared with the current share price, such as the exercise of the right of dissent, investors may lead to a certain loss, and because no longer have the right to declare the Salt Lake Potash related shares, if the remaining company after the merger of the future share price rise, investors will face loss of the profit opportunity Corresponding to this is the Salt Lake Group, the right to cash options for the price of 25.26 yuan/share, the same exercise of cash options equivalent to 25.26 yuan/share price to sell the company's shares and obtain cash on the price.　　If the investor exercises the cash choice right, also will no longer hold the Salt Lake group related shares which declares the right of bank. Compared to February 11, Salt Lake Group's closing price of 24.86 yuan/share, compared to the right prices are only 1.58% lower, although the share price is similar, but according to the Merger and acquisition scheme, the exercise of cash options investors will not be able to obtain the company's share reform in Qinghai, China shares, Xingyun letter promised to chase each share received 0.20715624 shares of the Chase shares.