Zhitong Financial APP was informed that Jinjiang Capital (02006) and the Offeror Jinjiang International (Holdings) Limited jointly announced that on 24 November 2021, the Offeror and the company entered into a merger agreement, and the Offeror and the company will implement the merger in accordance with the terms and conditions of the merger agreement (including the prerequisites and such conditions). After the merger, the company will be absorbed and merged by the offeror in accordance with the Chinese Company Law and other applicable Chinese laws. The company has applied to the Stock Exchange for approval to resume trading in H-shares at 09:00 on November 25, 2021. As of 09:20, it was up 18.97% to quote HK $2.76, with a turnover of 8.0702 million.

The offeror will pay a write-off price of HK $3.10 per H-share in cash to the H-share shareholders upon completion (or exemption, if applicable) in accordance with the prerequisites of the merger agreement, but as the only domestic shareholder, there is no need to pay consideration for domestic shares. Write-off price per H share on November 17, 2021, a premium of approximately 33.62% per H share at the closing price of HK $2.32 per H share on the Stock Exchange.

The total write-off price payable by the offeror in respect of the cancellation of H shares held by H shareholders is about HK $4.314 billion.