Summary by Futu AI
GUANGDONG SUNSHINE PHARMACEUTICAL CO., LTD. (EAST SUN PHARMACEUTICALS) AND YICHANG DONG SUN CHANGJIANG PHARMACEUTICAL CO., LTD. (CHANGJIANG PHARMACEUTICALS) ANNOUNCED THAT THEY WILL BE PRIVATIZED BY ABSORPTION MERGER AND PLAN TO LIST DONG SUN H SHARES IN AN INTRODUCTORY WAY ON THE MAIN BOARD OF THE HONG KONG STOCK EXCHANGE. The merger agreement was signed on May 10, 2024. After the relevant preconditions and conditions are met, Changjiang Pharmaceutical will delist from the Exchange, and Dongxiang Pharmaceutical will assume all assets, liabilities, interests and business of Changjiang Pharmaceutical. Exchange shareholders will receive 0.263614 shares of XINDONG SUNSHINE MEDICINE H Shares for each share withdrawn and receive a special dividend of HK$1.50 per share. The merger aims to improve the company's overall operating efficiency, expand market size, and improve shareholder returns. Upon completion of the merger, Dongsun Pharmaceuticals will become a research-driven, internationalized pharmaceutical company with comprehensive integrative capabilities.