Sinopec to set up four shell companies merger.

<P>: Http:// News, Sinopec (8.88, -0.24, -2.63%) (600028) for the implementation of specially set up shell companies merged, creating a precedent for the domestic securities market. .</ P> <P> Sinopec cash tender offer last year, four of delisting the company today separately announced that the company's shareholders have agreed to their respective companies and shell companies to merge under the merger agreement. .</ P> <P> Sinopec set up at the end of one-person limited liability company as a shell company set up to implement the merger, there is no substantive business. .Sinopec, told reporters yesterday, the person concerned, the company merged with shell companies set up the practice of delisting the company is the first time in the A-share market, but this approach already successfully used in the company merged with two H-share companies. .</ P> <P> this person said, the four shell companies set up over the final settlement of delisting the company shares. .</ P> <P> company, as of February 9, 2007, four more than the company's shares delisting total of more than two thousand shares. .Among them, shares of Sinopec Yangzi Petrochemical holds 2,325,596,654 shares, representing approximately 99.81% of total share capital, other shareholders holding shares of 4,403,346 shares of Sinopec Yangzi Petrochemical, representing 0.19% of total share capital. .The company's shell company called Yangtze limited. .</ P> <P> held by Sinopec Qilu Petrochemical 1,945,301,264 shares, representing approximately 99.76% of total share capital, other shareholders holding shares of the Company 4,698,736 shares, representing approximately 0.24 total share capital .%. .The company's shell company called Jie continued chemical. .</ P> <P> Sinopec shares of 355,695,616 shares held by Danyoutaiming, 97.71% of the total share capital, other shareholders holding shares of the Company 8,331,992 shares, representing approximately 2.29% of total equity .. .The shell company called Hao Sheng petrochemical company. .</ P> <P> another delisting firm Zhongyuan Petroleum, Sinopec holds 868,924,899 shares, representing approximately 99.35% of total share capital, other shareholders holding 5,725,101 shares of Zhongyuan Petroleum shares, representing approximately .0.65% of total equity. .The company named in the Pu shell oil and gas companies. .</ P> <P> under the merger agreement, the four delisting the company merged party, the merger will be canceled legal entity, all assets, liabilities, business and personnel inherited by the surviving corporation. .Shell companies will eventually solve the cash merger price of more than shares. .Equivalent to the cash merger price of Sinopec offer for the purchase price in cash last year. .Sinopec announced last year, according to "Summary Report of the tender offer," the acquisition of Qilu, Yangzi, Sinopec Zhongyuan Petroleum, prices of tradable shares Danyoudaming 10.18 yuan / share, 13.95 yuan / share, 12.12 yuan / share, 10.30 yuan / .shares. .</ P> <P> to industry analysts, is a domestic oil giant China Petroleum and other cash tender offer for delisting of the company will take over shares of the same solution to the problem. .</ P> <P> </ P>.