On October 26th, yesterday evening, the Shenzhen Stock Exchange issued a reorganization inquiry letter to the US group and Little Swan. The Shenzhen Stock Exchange requires the company to explain: the rationality of the conversion price, the necessity of absorbing the merger, and whether the plan is conducive to fully protecting the legitimate rights and interests of the minority shareholders.
It is understood that the Shenzhen Stock Exchange requires the combination of the two in the United States to acquire the financial status and operating results of Little Swan and Little Swan in 2014, and further extensively select the market case, indicating the average transaction price of the 20 trading days before the pricing benchmark. To determine the rationality of the conversion price basis.
It is also required to combine the management status of Midea Group and Little Swan, compare and analyze the situation before and after the merger of shares, and further explain the necessity of the merger and absorption of the merger, as well as the production and operation, brand continuation and upstream and downstream relationship between the two companies. The impact of maintenance, etc.
In addition, the two are required to demonstrate whether the pricing mechanism fully protects the legitimate rights and interests of investors from the perspective of Midea Group and Little Swan.