Hangzhou Steam Turbine Power Group(SZ:200771) Shang Hai Zheng Quan Bao·2025-10-27 23:53Group 1 - The core point of the announcement is that Hangzhou Qilun Power Group Co., Ltd. (referred to as "the company") is undergoing a share swap merger with Hangzhou Hailianxun Technology Co., Ltd., which will lead to the company's delisting and cancellation of its independent legal status [1][13][24] - The merger has received approval from the China Securities Regulatory Commission, allowing the company to proceed with the necessary arrangements for the transaction [1][24] - The company's stock will be suspended from trading starting November 5, 2025, and the last trading day will be November 4, 2025 [8][14][24] Group 2 - The cash option for shareholders will be available on the record date of November 4, 2025, allowing dissenting shareholders to exercise their rights [18][24] - The cash option exercise price is set at 7.54 HKD per share, which represents a premium of 73.61% over the closing price of 13.09 HKD per share as of October 27, 2025 [8][18][28] - The exchange ratio for the share swap is 1:1, meaning each share of Hangzhou Qilun will be exchanged for one share of Hangzhou Hailianxun [19][24]