On July 18, Cailian Press reported (by Chen Kang) that Guangdong Highsun Group (000861.SZ), whose stock price had been below 1 yuan for 17 consecutive trading days, suddenly announced a trading suspension late last night. The company stated that it is planning to issue shares to purchase assets, and therefore applied for a trading suspension from today (July 18).

At the same time, Guangdong Highsun Group also issued the ninth risk warning announcement regarding the possible termination of the company's listing of its stocks. As of July 17, the company's stock price was 0.86 yuan/share, and it has been below the 1 yuan delisting line for 17 consecutive trading days.

According to the trading suspension announcement, Guangdong Highsun Group is expected to disclose relevant information about the transaction and resume trading within no more than 10 trading days (by August 1). The announcement also warned that if the board of directors fails to convene and disclose the transaction plan within the aforementioned period, the company's stock will resume trading on August 1 at the latest and terminate the relevant transaction plan. The company also pledged not to plan any major asset restructuring within at least one month.

It is currently rare for companies to be allowed to suspend trading during the key period of the 1-yuan delisting line. In early June, when Ningxia Zhongyin Cashmere (000982.SZ) faced the risk of delisting due to consecutive stock price declines below 1 yuan, the company's relevant personnel told Cailian Press reporters, "Because we cannot suspend trading, the continuous release of this stampede sentiment has caused great panic among investors."

Recently, the panic effect caused by China Grand Automotive Services Group's (600297.SH) triggering of the 1-yuan delisting line has also spread to Guangdong Highsun Group. On July 16, China Grand Automotive Services Group fell sharply near the end of the session, hitting the limit down and locking in the 1-yuan delisting. On the same day, while Guangdong Highsun Group's stock price was still rising, it turned around and went all the way down. As of July 17, the company's stock price was 0.86 yuan/share, a drop of 9.47%.

The trading suspension at this time undoubtedly gave Guangdong Highsun Group, which had already stood on the brink of delisting, nearly two additional weeks of time. Some investors joked that they "breathed a sigh of relief". Cailian Press reporters calculated that if the stock price reaches 1 yuan on the 20th trading day, the closing price on the 19th trading day must be 0.91 yuan/share, and the closing price on the 18th trading day must be 0.83 yuan/share.

Guangdong Highsun Group plans to acquire 51% of Jiangsu Judian New Energy Co., Ltd. held by Fujian Judian New Energy Co., Ltd., or hold 51% of Jiangsu Judian New Energy Co., Ltd. through capital injection. The target company's business scope includes lithium-ion battery and components, battery production equipment technology research and development, manufacturing, and sales.

Tianyancha shows that Jiangsu Judian New Energy Co., Ltd. was established in 2018 with a registered capital of 200 million yuan. Fujian Judian New Energy Co., Ltd. holds 60% of the shares, Jiangsu Shuangxi Industrial Co., Ltd., holds 30%, and Jiangsu Zhan Yuan Real Estate Development Co., Ltd. holds 10%.

Guangdong Highsun Group stated that due to the fact that the scope of the intended transaction has not yet been confirmed, the final transaction counterparty will be determined based on subsequently disclosed information.

Public information shows that Guangdong Highsun Group is a comprehensive enterprise that integrates commercial property operation, financial services, photovoltaic power generation, and other businesses. This acquisition will allow Guangdong Highsun Group to enter the solid state battery field.