ZOD: ZHEJIANGEXPRESS plans to conduct a stock swap to absorb and merge with ZOD, resuming trading on September 3rd
ZOD announced a stock swap absorption merger with ZHEJIANGEXPRESS, with a swap ratio of 1:1.0800. After the merger, ZHEJIANGEXPRESS will take over ZOD's existing business, expand into the chemical industry, and form deep synergies in areas such as new energy transportation infrastructure construction. This restructuring aims to optimize the company's governance structure, improve resource allocation efficiency, and enhance the core competitiveness of the enterprise. The company's A-share stocks and convertible bonds will resume trading on September 3, 2025
According to the Zhitong Finance APP, ZOD (603213.SH) announced that ZHEJIANGEXPRESS will absorb and merge ZOD by issuing A-shares. ZHEJIANGEXPRESS is the absorbing party, while ZOD is the absorbed party, meaning that ZHEJIANGEXPRESS will issue A-shares to all shareholders of ZOD in exchange for their shares in ZOD.
The exchange ratio for this merger is 1:1.0800, meaning that for every 1 share of ZOD A-shares held by the shareholders, they can exchange it for 1.0800 shares of the A-shares issued by ZHEJIANGEXPRESS.
After the completion of this transaction, ZHEJIANGEXPRESS will take over the existing business of ZOD, expanding its main business into the chemical industry, and further enhancing its comprehensive strength through asset, personnel, and management integration. In addition, both parties can leverage their respective advantages in hydrogen energy preparation and application scenarios, as well as terminal networks, to form deep collaboration in areas such as new energy transportation infrastructure construction, deepen energy integration, and further enhance overall competitiveness and green transformation capabilities.
Through comprehensive integration of business and resources, this restructuring will not only optimize the corporate governance structure, improve resource allocation efficiency, and enhance the core competitiveness and industry position of the enterprise, but also further broaden financing channels through the "A+H" dual financing platform to achieve a coordinated effect across the entire industry chain.
Upon application to the Shanghai Stock Exchange, the company's A-shares, convertible corporate bonds, and the conversion of convertible corporate bonds will resume trading on September 3, 2025 (Wednesday) at the market opening
