In February this year, YUNNAN BAIYAO announced that China Securities Regulatory Commission held a conference to audit the absorption and merger and relevant transactions of YUNNAN BAIYAO Holding Co., Ltd. According to the results of the meeting, the absorption and merger and relevant transactions of YUNNAN BAIYAO Holding Co., Ltd. was conditionally approved.YUNNAN BAIYAO shares will resume trading on the morning of March 1.
In September 2018, YUNNAN BAIYAO announced that BAIYAO Holding intends to be listed as a whole. It is known that BAIYAO Holding is the controlling shareholder of YUNNAN BAIYAO,holding 41.52% of the shares. Specifically,YUNNAN BAIYAO merged BAIYAO Holding by issuing shares to its three shareholders, namely,SASAC of Yunnan province, New Huadu and Yuwell. After the merger is completed, YUNNAN BAIYAO will be the remainder party, who will inherit and undertake all the assets, liabilities,contracts and other rights & obligations of BAIYAO Holding. The shares of listed companies held by BAIYAO Holdings will be canceled.
China Detergent & Cosmetics2019年1期