Group 1 - The company, Lingyuan Steel Co., Ltd., has announced the absorption and merger of its wholly-owned subsidiary, Beipiao Steel Pipe Co., Ltd., to improve management efficiency, reduce operational costs, and decrease the number of loss-making enterprises [1][2] - The merger was approved during the company's board meeting on June 12, 2025, and will be finalized after a bondholders meeting and a temporary shareholders meeting on June 30, 2025 [1] - Following the merger, Beipiao Steel Pipe's independent legal status will be canceled, and all its assets, liabilities, business, and personnel will be inherited by the company [1] Group 2 - Creditors of both merging parties have the right to request debt repayment or corresponding guarantees within thirty days of receiving the company's notice, or within forty-five days from the announcement date if no notice is received [2] - Creditors must provide valid debt documents and related evidence to claim their debts, with specific requirements for both corporate and individual creditors outlined [2] - The company will continue to bear the relevant debts after the merger if creditors do not exercise their rights within the stipulated time [2]
凌钢股份: 凌源钢铁股份有限公司关于吸收合并全资子公司通知债权人的公告