Evening of May 7th，Wangfujing Announcement，Absorb and merge Shougang shares by exchanging shares by issuing A shares，Wangfujing is the merger party，Shoushang Co., Ltd. is the merged party，That is, Wangfujing issues A shares to all stock exchange shareholders of Shougang Co., Ltd.，Exchange shares of Shougang Shares held by these shareholders。

At the same time，Wangfujing plans to use price inquiry to raise supporting funds of no more than 4 billion yuan through a non-public issuance of A shares from no more than 35 specific investors, including Beijing Tourism Group。

according to announcement，The share exchange price of Shougang Shares is based on the average stock trading price of the 20 trading days before the pricing base date of the share exchange and absorption merger 8.Based on 51 yuan/share，And based on this, a 20% premium rate will be determined，i.e. 10.21 yuan/share，The share exchange ratio between Shougang Shares and Wangfujing is 1:0.3044，That is, every 1 share of Shougang Shares can be exchanged for 0.3044 shares of Wangfujing stock。

The arrangements for this share exchange and absorption have been started at the beginning of this year.

January 17，Wangfujing and Beijing Capital Commercial Co., Ltd. signed the "Agreement of Intention to Merger" regarding this merger，Plans to absorb and merge Shougang Co., Ltd. by exchanging A shares to all shareholders of Shougang Co., Ltd.。

January 18，Wangfujing and Beijing Capital Group both issued announcements on the suspension of planning for major asset restructuring。

January 29，Wangfujing Group Co., Ltd. and Beijing 188bet online sports betting Shougang Group Co., Ltd. jointly issued an announcement，Wangfujing acquires and merges Shougang shares by issuing A shares in exchange for shares，Wangfujing is the merger party，Shoushang Co., Ltd. is the merged party。Non-public issuance of A shares to no more than 35 specific investors, including Beijing Tourism Group, to raise supporting funds of no more than 4 billion yuan。

188bet app download : Sino-Singapore latitude and longitude, original title:《Wangfujing exchanges shares to absorb shares of Shougang Capital and raises supporting funds of no more than 4 billion》.