CSICL(SH:601989) Zheng Quan Zhi Xing·2025-08-18 16:21Core Viewpoint - China Shipbuilding Industry Co., Ltd. plans to absorb and merge China Shipbuilding Heavy Industry Co., Ltd. through a share exchange, leading to the termination of the latter's listing and the transfer of all its assets and liabilities to the former [1][2]. Group 1 - The merger has been approved by the shareholders at the extraordinary general meeting held on February 18, 2025, and has received regulatory approval from the China Securities Regulatory Commission [1][2]. - The share exchange will involve China Shipbuilding issuing A-shares to all shareholders of China Heavy Industry in exchange for their shares [2]. - Following the completion of the merger, China Heavy Industry will terminate its listing and cancel its legal entity status, while China Shipbuilding will inherit all assets, liabilities, businesses, personnel, contracts, and other rights and obligations of China Heavy Industry [2]. Group 2 - On August 14, 2025, the company submitted an application for the voluntary termination of its stock listing to the Shanghai Stock Exchange, which was accepted on August 18, 2025 [2]. - The company will publish a related announcement regarding the termination of its stock listing once it is approved by the Shanghai Stock Exchange [2].