根据本次交易方案，中国船舶以向中国重工全体换股股东发行 A 股股票的 方式换股吸收合并中国重工。中国船舶为吸收合并方，中国重工为被吸收合并 方，即中国船舶向中国重工的全体换股股东发行 A 股股票，交换该等股东所持 有的中国重工股票。本次换股吸收合并完成后，中国重工将终止上市并注销法 人资格，中国船舶将承继及承接中国重工的全部资产、负债、业务、人员、合 同及其他一切权利与义务。 证券代码：601989 证券简称：中国重工 公告编号：临 2025-058 中国船舶重工股份有限公司 关于上海证券交易所受理公司股票 终止上市申请的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国船舶工业股份有限公司（以下简称"中国船舶"）拟通过向中国船舶重 工股份有限公司（以下简称"中国重工"或"公司"）全体换股股东发行 A 股 股票的方式换股吸收合并中国重工（以下简称"本次交易"）相关事项已经公司 于 2025 年 2 月 18 日召开的 2025 年第一次临时股东大会审议通过，并已获得中 国证券监督管理委员会出具的《关于同意中国船舶工业股份 ...

中国重工(601989.SH)公告称，中国船舶拟换股吸收合并中国重工，此次交易将导致公司不再具有独立主体资格并被注销， 公司已于8月14日向上交 所提交A股股票主动终止上市的申请。 证券代码:601989 中国船舶重工股份有限公司 关于公司提出终止上市申请的公告 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 中国船舶工业股份有限公司(以下简称"中国船舶")拟通过向中国船舶重 工股份有限公司(以下简称"中国重工"或"公司")全体换股股东发行 A 股 股票的方式换股吸收合并中国重工(以下简称"本次交易")相关事项已经公司 于 2025年 2 月 18 日召开的 2025年第一次临时股东大会审议通过,并已获得中 国证券监督管理委员会出具的《关于同意中国船舶工业股份有限公司吸收合并 中国船舶重工股份有限公司注册的批复》(证监许可（2025）1501 号）。 本次交易将导致公司不再具有独立主体资格并被注销,属于《上海证券交 易所股票上市规则》第 9.7.1 条第一款第(六)项规定的"公司因新设合并或者 吸收合并,不再具有独立主体资格并被 ...

中国重工公告，中国船舶拟通过向中国重工全体换股股东发行A股股票的方式换股吸收合并中国重工 （以下简称"本次交易"）相关事项已经公司于2025年2月18日召开的2025年第一次临时股东大会 审议通过，并已获得中国证券监督管理委员会出具的《关于同意中国船舶工业股份有限公司吸收合并 中国船舶重工股份有限公司注册的批复》（证监许可〔2025〕1501 号）。 本次交易将导致公司不再具有独立主体资格并被注销，属于《上海证券交易所股票上市规则》第 9.7.1 条第一款第（六）项规定的"公司因新设合并或者吸收合并，不再具有独立主体资格并被注 销"的情形，可以向上海证券交易所（以下简称"上交所"）申请主动终止上市。公司已于2025年8月 14日向上交所提交A股股票主动终止上市的申请。 ...

Core Viewpoint - China Shipbuilding Industry Co., Ltd. is planning to absorb and merge China Shipbuilding Heavy Industry Co., Ltd. through a share exchange, leading to the suspension and eventual delisting of China Heavy Industry's stock [5][6]. Group 1: Announcement Details - On August 11, China Heavy Industry announced that its stock will be suspended from trading starting August 13, 2025, and will not be traded thereafter [2]. - The last trading day for China Heavy Industry's stock is set for August 12, 2025 [2]. - The China Securities Regulatory Commission approved the merger plan on July 18, allowing China Shipbuilding to issue an additional 3.053 billion shares to absorb China Heavy Industry [5]. Group 2: Share Exchange Ratio - The exchange ratio for the merger is set at 1:0.1335, meaning each share of China Heavy Industry can be exchanged for 0.1335 shares of China Shipbuilding [5]. - The cash option for dissenting shareholders is priced at 4.03 yuan per share, allowing them to receive cash compensation for their shares [5][6]. Group 3: Post-Merger Process - After the completion of the cash option and the termination of listing, shareholders of China Heavy Industry will have their shares converted into shares of China Shipbuilding based on the established exchange ratio [6]. - The distribution of shares will ensure that the number of shares received by shareholders is an integer, with specific rules for handling fractional shares [6]. Group 4: Current Stock Price - As of the latest closing, the stock price of China Heavy Industry is 5.01 yuan per share [7].

证券代码：600150 证券简称：中国船舶 公告编号：2025-057 中国船舶工业股份有限公司 关于公司换股吸收合并中国船舶重工股份有限公司 暨关联交易事项的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 中国船舶工业股份有限公司（以下简称"中国船舶"或"公司"） 拟以向中国船舶重工股份有限公司（以下简称"中国重工"）全体换 股股东发行 A 股股票的方式换股吸收合并中国重工（以下简称"本 次交易"）。本次交易已取得中国证券监督管理委员会（以下简称 "中国证监会"）出具的《关于同意中国船舶工业股份有限公司吸收 合并中国船舶重工股份有限公司注册的批复》（证监许可〔2025〕 根据本次交易方案，公司在本次交易获得中国证监会注册后将 另行公告中国船舶异议股东收购请求权实施的相关安排（包括但不 限于相关时间安排、收购请求权的申报、结算和交割等），敬请广大 投资者后续关注公司本次交易相关安排的公告。 根据公司 2025 年第一次临时股东大会审议通过的《关于中国船 舶换股吸收合并中国重工暨关联交易方案的议案》及逐项表决的各 项子 ...

Core Viewpoint - The legal opinion letter discusses the share swap merger between Hangzhou Hailianxun Technology Co., Ltd. and Hangzhou Steam Turbine Power Group Co., Ltd., addressing regulatory compliance and the implications of the merger on both companies' operations and shareholder interests [1][2][3]. Group 1: Merger Details - The merger involves Hailianxun issuing A-shares to all shareholders of Hangzhou Steam Turbine in exchange for their shares, effectively absorbing Hangzhou Steam Turbine [1][2]. - The main business of Hailianxun includes system integration, software development, and consulting services, while Hangzhou Steam Turbine focuses on the research, production, and sales of industrial steam turbines and gas turbines [1][2]. - As of the reporting period, Hangzhou Steam Turbine holds investments in Hangzhou Bank valued at 3.972 billion yuan, representing a 4.31% stake [1][2]. Group 2: Regulatory Compliance - The transaction does not require approval from industry regulatory authorities and complies with national industrial policies [4][5]. - Both companies are expected to meet the qualifications for commercial bank shareholders as per relevant regulations, ensuring that the merger does not face legal obstacles [5][6][7]. Group 3: Financial Aspects - The share swap price for Hailianxun is set at 9.56 yuan per share, while Hangzhou Steam Turbine's price is adjusted to 9.35 yuan per share after accounting for profit distribution [11][12]. - The merger's pricing mechanism is designed to protect minority shareholders, with a significant majority of votes in favor of the transaction from both companies' shareholders [18][19][20]. Group 4: Shareholder Rights - The merger provides dissenting shareholders with the option to sell their shares at a predetermined price, ensuring their interests are protected [20][21]. - The price adjustment mechanism for the buyout rights is only downward, which is intended to mitigate risks associated with market fluctuations [22].

Group 1 - Cathay Securities will implement a legal switch and client and business migration merger on August 22, 2025, after obtaining support from various regulatory bodies [2][4] - The company assures that its main business and services will continue to operate normally during the transition, although some cross-period services will need to be concluded or suspended [4][6] - Specific adjustments will be made to wealth management and fund business operations, including temporary suspensions of certain account openings and transactions for former clients of Haitong Securities [4][5] Group 2 - Cathay Securities has developed an emergency plan to protect investors' rights, allowing clients to transfer or close accounts if they do not wish to stop participating in certain cross-period services [6] - The company expects a significant increase in net profit for the first half of 2025, projecting between 15.283 billion to 15.957 billion yuan, representing a year-on-year growth of 205% to 218% [6] - The growth in net profit is attributed to substantial increases in revenue from wealth management, institutional, and trading services, as well as the recognition of negative goodwill from the merger [6]

Core Viewpoint - Guotai Haitong Securities is set to implement a legal entity switch and merge customer and business operations on August 22, 2025, marking a significant step in its integration process with Haitong Securities [2][3]. Group 1: Business Operations and Adjustments - The transition will involve the merger of customer accounts and business operations from Haitong Securities into Guotai Haitong, with normal business operations expected to continue, except for certain cross-period services that will need to be concluded or paused [2]. - Specific adjustments in wealth management include the suspension of certain account openings and services for former Haitong Securities customers during the transition period from August 15 to August 24, 2025 [2]. - The open-end fund business will also experience temporary adjustments, with specific trading activities suspended from August 11 to August 22, 2025 [3]. Group 2: Client Services and Emergency Plans - Guotai Haitong will continue to provide a range of services to former Haitong Securities clients, including research, institutional brokerage, trading investment, asset custody, and equity investment [3]. - An emergency plan has been established to protect investor rights, allowing clients to handle account transfers or closures if they do not wish to stop participating in certain services [4]. Group 3: Financial Performance - For the first half of 2025, Guotai Haitong Securities expects a net profit between 15.283 billion and 15.957 billion yuan, representing a year-on-year growth of 205% to 218% [4]. - The significant profit increase is attributed to substantial growth in wealth management, institutional, and trading revenues, as well as the recognition of negative goodwill from the merger as non-operating income [4].

Group 1 - The core viewpoint is that China Shipbuilding is experiencing significant growth in net profit for the first half of 2025, with an expected increase of 9825% to 11949% year-on-year [2][4] - The company is expected to achieve a net profit attributable to shareholders of the parent company between 280 million to 310 million yuan, with a net profit excluding non-recurring gains and losses estimated between 263.5 million to 293.5 million yuan [2][4] - The growth in performance is attributed to improved production efficiency, favorable industry conditions, optimized order structure, increased prices for civilian ships, and effective control of construction costs [2] Group 2 - China Shipbuilding is undergoing a share swap merger with China Shipbuilding Industry Corporation, with a swap ratio of 1:0.1339 [3] - Following the merger, China Shipbuilding Industry Corporation will terminate its listing and cancel its legal entity status, while China Shipbuilding will inherit all assets, liabilities, and business operations [3] - The merger aims to reduce competition within the industry, protect shareholder interests, promote business integration, and enhance operational efficiency and brand premium [3]

Core Viewpoint - The supplementary legal opinion letter regarding the share swap absorption merger of China Shipbuilding Industry Co., Ltd. and China Shipbuilding Heavy Industry Co., Ltd. has been issued following the approval from the Shanghai Stock Exchange's M&A Review Committee [2][5]. Group 1: Transaction Approval and Authorization - The transaction has received approval from the M&A Review Committee, confirming that it meets restructuring conditions and information disclosure requirements [2][5]. - Additional approvals and authorizations are still required according to relevant laws and regulations, including the Company Law and Securities Law [2][4]. Group 2: Information Disclosure - China Heavy Industry has disclosed relevant information regarding the transaction, including the draft merger report and independent financial advisor reports [4][5]. - The company received a notice of acceptance from the Shanghai Stock Exchange regarding its application for asset acquisition on May 8, 2025 [4]. Group 3: Conclusion Opinions - The law firm concludes that the transaction is legally valid and can be implemented after obtaining the necessary approvals [3][5].