Project implementation of Salt Lake potash fertilizer absorption and Salt Lake Group

Industry-focused Salt Lake Potash fertilizer (000792, closing price of 55.93 yuan) to absorb the shares of Salt Lake Group (000578, closing price of 24.25 Yuan) finally entered the finale stage. Today, Salt Lake Potash fertilizer issued the "absorption and merger implementation of the notice" and "Dissent shares acquisition request right to implement the notice", officially began to implement the swap absorption merger scheme, the company's shares will be from February 21, 2011 (Monday), that is, the objection to the right to bid for the claim period of the end of　　Until the merger and absorption of stock exchange has been completed, and the exchange of shares to absorb the merger of the new stock market day began to trade. Objections to the implementation of the rules of stock options announced that the Salt Lake Potash dispute acquisition request right to declare the date of February 14, 2011 (Monday) to February 18, 2011 (Friday). Objection shares acquisition of the purchase price of 51.46 yuan/share, as of January 28, 2011, the date of the announcement of the day of the day, Salt Lake Potash stock of the closing price of 55.93 yuan/share, the acquisition of dissent than the right to buy the purchase price that is 51.46 yuan/shares high 8.69%.　　The announcement warned that if investors exercised a claim for dissent, the takeover would likely lead to a loss, and if the company's future share price rose after the merger, investors would lose the chance to profit from higher share prices. On the other hand, regarding the Salt Lake Group objection shareholder's cash choice arrangement, the announcement said, Salt Lake group dissident shareholder's cash option declaration date is February 14, 2011 (Monday) to February 18, 2011 (Friday). As of January 28, 2011, Salt Lake Group stock closing price of 24.25 yuan/share, than the right to cash option line 25.26 yuan/share low 4%, such as the exercise of cash options, investors will no longer have the right to declare the Salt Lake group related shares,　　The shareholders exercising cash option will not be able to obtain the shares of Qinghai, China and Xingyun in the Salt Lake Group reform. Trigger the share reform performance commitment to follow up the price bulletin display, according to the Salt Lake Group's commitment to increase the price when it triggers the share splitting reform, due to the total profit of the Salt Lake Group's non-potash business in 2010, which is less than 60% of the total profit of the company, it has already constituted the third situation of the supplementary consideration, the Qinghai state investment, In the implementation of the cash option, the Xing Yunxin will carry out additional Tianquan to the unlimited sale conditions of the Salt Lake Group in accordance with the promise of the original share-splitting reform, because of the Salt Lake Group's unlimited sales conditions circulating shareholders, the magnificent harvest, Wo wo, Wang Yihong, Yunnan Tobacco Hing Cloud Investment Co., Ltd. has issued a promise will give up the pursuit of the price, therefore, to December 31, 2010 Unlimited sales conditions of the total number of tradable shares out of the magnificent harvest, Wo wo, Wang Yihong, Yunnan Tobacco Xing Yun Investment Co., Ltd. held unlimited sales conditions of shares, Salt Lake Group shares the total number of Tianquan rights of 86.34 million shares, in accordance with the above data to calculate the Tianquan conditions of the circulation of shares will receive about 0.21 shares to chase shares。　　Salt Lake Potash Fertilizer Special hint, additional Tianquan will be in Salt Lake Group objection shareholder cash option to implement, if the investor exercise cash option, will not be able to get the shares. Finally, Salt Lake Potash fertilizer and Salt Lake Group will be in Salt Lake Potash dispute stock purchase claim right and Salt Lake Group dissident shareholders cash option right to transfer, the completion of liquidation and Salt Lake Group after the completion of the transfer of shares to the implementation of the announcement, to determine the registration date and the implementation of swap shares.