"Two Salt Lake" reorganization in recent days will be suspended from 9th pending trial

NetEase Finance June 8, Salt Lake Potash fertilizer, Salt Lake Group issued a notice, the SFC merger and reorganization Audit Committee will be in the recent review of the company's major assets reorganization matters, the company's shares since June 9 suspension, to the company announced the results of the review after the board. In the final plan, the Salt Lake Potash fertilizer Exchange Price has a risk premium of 42.36%, 73.83 yuan/share, Salt Lake Group exchange rate of 25.46 yuan/share.　　The exchange rate of the two sides is 2.9:1, that is, every 2.9 shares of Salt Lake Group for 1 shares of Salt Lake Potash fertilizer, Salt Lake Group shareholders will have the right to choose cash. The scheme, which was first announced by both parties on December 26, 2008, has been adjusted for stock exchange prices.　　In the first release of the scheme, the two sides of the exchange rate of 3:1, Salt Lake Group exchange rate of 33.02 yuan/share, Salt Lake Potash fertilizer exchange rate of 83.48 yuan/share.　　Another difference with the previous scheme is that the Salt Lake Group dissident shareholders of the cash option, from 33.02 yuan to 25.46 yuan, while retaining the Salt Lake Potash shareholders of the takeover claim. According to the announcement, the Salt Lake Potash will survive and the Salt Lake Group will be cancelled after the stock exchange is completed. Salt Lake Potash will add 1.058 billion shares, while the Salt Lake Group holds 235 million shares of Salt Lake Potash.　　The total capital of Salt Lake Potash will reach 1.59 billion shares, and the actual control is still in Qinghai province Sasac. In addition, Salt Lake Group reserves of resources will enter Salt Lake Potash, so Salt Lake Potash holding subsidiary will no longer pay royalties to Salt Lake Group, so as to significantly reduce production costs and improve product gross margin. More importantly, Salt Lake Potash fertilizer obtained the remaining service life of 28.27 years, reduced to 54.14 million tons of recoverable potassium chloride reserves, so that the long-term development of the company fully protected.