On November 25, Capital Bond learned that Jinjiang Capital (02006.HK), a Hong Kong listed company, issued a notice saying that on November 24, 2021, Jinjiang International and the Company entered into a merger agreement under which Jinjiang International and the Company will implement the merger in accordance with the terms and conditions of the merger agreement (including the prerequisites and such conditions).

In accordance with the terms and conditions of the merger agreement, Jinjiang International will pay a write-off price of HK $3.10 per H share in cash to H shareholders, a premium of approximately 33.62% over the closing price of HK $2.32 per H share on November 17, 2021.

Upon completion of the prerequisites and all effective conditions, the company will apply to the Stock Exchange for voluntary cancellation of the listing status of H shares on the Stock Exchange in accordance with Rule 6.15 of the listing rules.

As at the date of the announcement, the total number of shares issued by the company was 5566000000 shares, including 1391500000 H shares and 4174500000 domestic shares. On the date of the joint announcement, Jinjiang International directly owns 4174500000 domestic shares of the company, accounting for 75% of the company's voting rights.

At the request of the Company, trading in H-shares has been suspended on the Stock Exchange since 1: 00 p.m. on 17 November 2021. 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 press time, Jinjiang Capital rose 21.12% to HK $2.81.