Shen Zhen Shang Bao·2025-08-05 07:50Core Viewpoint - The merger of China Shipbuilding Industry Co., Ltd. and China Shipbuilding Heavy Industry Co., Ltd. will create the world's largest publicly listed shipbuilding company, enhancing its position as a global leader in the shipbuilding industry [1][5] Group 1: Merger Details - The merger will be executed through a share exchange, where China Shipbuilding will issue A-shares to all shareholders of China Shipbuilding Heavy Industry [1][2] - The transaction has received approval from the China Securities Regulatory Commission and will proceed with the necessary arrangements [3] - Following the merger, the combined entity will have total assets exceeding 400 billion yuan and annual revenue surpassing 130 billion yuan [1][5] Group 2: Shareholder Rights and Stock Performance - Shareholders who oppose the merger will have the right to sell their shares back at a price of 30.02 yuan per share, which is a 16.62% premium over the closing price of 35.01 yuan on August 5 [4] - The cash option for dissenting shareholders will be available starting August 13, with China Shipbuilding's stock being suspended until the completion of the merger [4][3] Group 3: Financial Performance - China Shipbuilding expects a net profit of 2.8 billion to 3.1 billion yuan for the first half of the year, representing a year-on-year increase of 98.25% to 119.49% [4] - China Shipbuilding Heavy Industry anticipates a net profit of 1.5 billion to 1.8 billion yuan, reflecting a year-on-year growth of 181.73% to 238.08% [4]