中石化合并北京燕化、石油产业链整合迈大步（With Sinopec Beijing Yanhua, petroleum industry chain integration stride）.doc

中石化合并北京燕化、石油产业链整合迈大步（With Sinopec Beijing Yanhua, petroleum industry chain integration stride） After the suspension of 8 days, Beijing Yanshan (0325, HK) in December 30, 2004 to resume trading. It is with Sinopec (0386, HK 600028 heads SH) joint announcement, confirmed that the suspect people a week: at the end of 2004, Sinopec Beijing Yanhua is privatised. For Sinopec, which will integrate its 13 listed companies, it has taken a big step forward in its integration programme. The first privately held H-share company In short, Sinopec Beijing Yanhua process of privatization is to buy shares of Sinopec Beijing Yanhuas shareholders, then Beijing Yanshan delisting, from a public listed company into a Private Held Company of sinopec. There are no such precedents in H share companies. CITIC Securities, petrochemical industry senior analyst Yin Xiaodong told reporters. Beijing Yanshan is a subsidiary of Sinopec in June 1997, listed on the Hongkong and New York stock exchange, the total share capital of 3 billion 374 million shares, Sinopec currently holds 2 billion 362 million shares, accounting for about 70% of the shares, the remaining 30% shares. According to Sinopec secretaries Bureau relevant personage, this integration is absorbed merger method. First of all, for the purpose of integration, the establishment of Beijing Feitian company, wholly owned by Sinopec, does not operate substantive business. After signing the Beijing flying merger agreement with Beijing Yanshan, Beijing flying to HK $3.80 / share price to Beijing Yanshan tradable shareholders to pay cash, cash for a total consideration of approximately HK $3 billion 840 million, while the issue of new registered capital to complete the merger of Sinopec. Beijing Yanshan final delisting and cancellation of company registration, cancellation of Beijing flying at the appropriate time. CICC (Hongkong), Morgan Stanley for Sinopecs financial adviser, Beijing Yanshan financial adviser is a company called Bell Sten As