CPDC Announces New Merger Effective Date with Subsidiary Zhaoxin Chemical
China Petrochemical Development Corporation (CPDC) announced on May 15, 2025 (115/05/15) that the merger effective date with its 100% subsidiary, Zhaoxin Chemical Co., Ltd., has been set for June 1, 2026 (115/06/01). This is a postponement from the previously announced April 1, 2026 (115/04/01) date. The company cited ongoing operational procedures and progress as the reason for the delay. CPDC stated that this change will have no impact on its financial or business operations. The merger was initially approved by the board on December 11, 2023 (114/12/11), with an initial effective date set for February 1, 2026 (115/02/01).
📋 Article Processing Timeline
- 📰 Published: May 16, 2026 at 12:57
- 🔍 Collected: May 16, 2026 at 12:57 (0 min after Published)
- 🤖 AI Analyzed: May 16, 2026 at 14:46 (1h 49m after Collected)
Announcement Date: May 16, 2025 (115/05/16)
Announcement Date: May 15, 2025 (115/05/15)
Announcement Time: 19:37:01
Company Code: 1314
Company Name: China Petrochemical Development Corporation
Subject: Announcement of the Merger Effective Date for the Merger between the Company and its 100% Subsidiary, Zhaoxin Chemical Co., Ltd.
Clause Compliance: Article 20
Event Date: May 15, 2025 (115/05/15)
Description:
1. Original Announcement Date:
December 11, 2023 (114/12/11)
2. Brief Summary of Original Announcement Filing:
On December 11, 2023 (114/12/11), the Company's Board of Directors resolved to merge with its 100% subsidiary, Zhaoxin Chemical Co., Ltd., and announced it on the same day. The merger effective date was set for February 1, 2026 (115/02/01). Subsequently, on January 29, 2026 (115/01/29), it was announced that the merger effective date was adjusted to April 1, 2026 (115/04/01).
On March 23, 2026 (115/03/23), due to ongoing operational procedures, the merger effective date was further postponed. The actual merger effective date will be determined and announced separately based on relevant operational progress and actual circumstances.
3. Reason for Change and Main Content:
In coordination with relevant operations and progress planning, the merger effective date has been set for June 1, 2026 (115/06/01).
4. Impact of Change on Company's Financial and Business Operations:
None.
5. Other Matters to be Notified:
None.
Announcement Date: May 15, 2025 (115/05/15)
Announcement Time: 19:37:01
Company Code: 1314
Company Name: China Petrochemical Development Corporation
Subject: Announcement of the Merger Effective Date for the Merger between the Company and its 100% Subsidiary, Zhaoxin Chemical Co., Ltd.
Clause Compliance: Article 20
Event Date: May 15, 2025 (115/05/15)
Description:
1. Original Announcement Date:
December 11, 2023 (114/12/11)
2. Brief Summary of Original Announcement Filing:
On December 11, 2023 (114/12/11), the Company's Board of Directors resolved to merge with its 100% subsidiary, Zhaoxin Chemical Co., Ltd., and announced it on the same day. The merger effective date was set for February 1, 2026 (115/02/01). Subsequently, on January 29, 2026 (115/01/29), it was announced that the merger effective date was adjusted to April 1, 2026 (115/04/01).
On March 23, 2026 (115/03/23), due to ongoing operational procedures, the merger effective date was further postponed. The actual merger effective date will be determined and announced separately based on relevant operational progress and actual circumstances.
3. Reason for Change and Main Content:
In coordination with relevant operations and progress planning, the merger effective date has been set for June 1, 2026 (115/06/01).
4. Impact of Change on Company's Financial and Business Operations:
None.
5. Other Matters to be Notified:
None.
FAQ
What is the main purpose of this announcement?
The announcement is to set a new merger effective date between China Petrochemical Development Corporation (CPDC) and its wholly-owned subsidiary, Zhaoxin Chemical Co., Ltd.
When was the merger initially approved?
The merger was approved by the board of directors on December 11, 2023 (114/12/11).
What were the previous merger effective dates announced?
The initial effective date was set for February 1, 2026 (115/02/01), then adjusted to April 1, 2026 (115/04/01), and now postponed again.
What is the new merger effective date?
The new merger effective date is set for June 1, 2026 (115/06/01).
Why has the merger effective date been postponed?
The postponement is due to ongoing operational procedures and progress.
Will this merger affect CPDC's financial or business operations?
The company states that there will be no impact on its financial or business operations.