中国船舶吸收合并中国重工，有新进展

Core Viewpoint - China Shipbuilding (600150) is progressing with the absorption and merger of China Shipbuilding Industry Corporation (601989), involving a significant restructuring valued in the hundreds of billions [1][8]. Group 1: Shareholder Rights and Pricing - The dissenting shareholders of China Shipbuilding will receive a cash compensation at a price of 30.02 CNY per share for their dissenting shares, while dissenting shareholders of China Heavy Industry will receive 4.03 CNY per share [1][3]. - The implementation date for the dissenting shareholders' rights is set for August 12, 2025, with the trading of shares suspended from August 13, 2025 [4][5]. Group 2: Merger Process and Regulatory Approval - The merger has received approval from the China Securities Regulatory Commission, allowing China Shipbuilding to issue approximately 30.53 billion new shares to absorb China Heavy Industry [8][9]. - Prior approvals from the Shanghai Stock Exchange's M&A Review Committee were also obtained, confirming that the transaction meets restructuring conditions and disclosure requirements [8][9]. Group 3: Post-Merger Structure - Following the merger, China Heavy Industry will be delisted and its legal entity will be canceled, with all assets, liabilities, and operations transferred to China Shipbuilding [9]. - Post-merger, China Shipbuilding's total share capital will be approximately 44.72 billion shares, with China Shipbuilding Group controlling about 49.29% of the new entity [9].