Today's focus

[Hefei Urban Construction: Plan to issue shares to buy and trade 100% of the Group's shares to resume trading tomorrow]

Hefei Urban Construction announced a plan to issue shares to purchase assets and related transactions. The company is planning to issue shares to purchase 100% of the shares of the trading group held by Xingtai Group. This transaction is not expected to constitute a major asset restructuring, nor a restructuring and listing. Xingtai Group is the controlling shareholder of the company, and this transaction constitutes a related transaction. Trading of the company's shares will resume with the opening of the market on September 25, 2024.

[Renfu Pharmaceutical: Controlling shareholder applied for restructuring by creditors]

Renfu Pharmaceutical announced that the company received a notification letter from the controlling shareholder Contemporary Technology on September 24, 2024, and learned that Wuhan Credit Risk Management and Financing Guarantee Co., Ltd. and Tianjin Shengyi Law Firm have applied to the Wuhan Intermediate People's Court of Hubei Province to restructure Contemporary Technology. As of the date of disclosure of the announcement, the company has yet to receive documents accepted by the court, and there is significant uncertainty about whether the application will be accepted and whether Contemporary Technology will enter into the restructuring process. All of the shares held by Contemporary Technology have been judicially flagged and pending suspension, accounting for 23.70% of the company's total share capital.

[Wantong Development: Signing a supplementary agreement to the share transfer agreement]

Financial Services Association, September 24. According to Wantong Development's announcement, the company and the parties to the transaction signed the “Supplementary Agreement on Source Photonics Holdings (Cayman) Limited's Share Transfer Agreement”. As of the disclosure date of the announcement, the company had received signature pages from all counterparties. According to the supplementary agreement, the company will purchase 60.16% of Source Photonics Holdings (Cayman) Limited's shares held by the transferor in cash, and the transaction price will be paid in four installments. The first instalment price is $0.154 billion (tax included), accounting for 51% of the total price.

[6-channel Datang Telecom: The increase is large in the short term, and there is a risk of decline after the short-term increase is large]

Datang Telecom issued a stock trading risk warning notice. The company's stock price rose and stopped for 6 consecutive trading days on September 13, 18, 19, 20, 23 and 24, 2024. The increase was significant in the short term, and there is a risk of falling after a large short-term increase. The company's revenue for the first half of 2024 decreased by 33.25% compared to the same period last year, and net profit attributable to shareholders of listed companies was -61.8174 million yuan.

[8-board Shuangcheng Pharmaceutical: Planning major asset restructuring matters]

Shuangcheng Pharmaceutical issued an indicative announcement on serious abnormal fluctuations and risks in stock trading. The company is planning major asset restructuring matters. It plans to purchase 100% of Ola's shares by issuing shares and paying cash, and plans to raise supporting capital by issuing shares to no more than 35 specific investors. The audit and evaluation of this transaction has not yet been completed, and the specific transaction price has not yet been determined. Reorganization matters are subject to internal decision-making procedures and can only be implemented after approval by the competent supervisory authority. There is uncertainty. The company reminds investors to invest rationally and pay attention to risks.

[Qujiang Cultural Tourism: Judicial Disposition of Some Shares Held by Controlling Shareholders terminated]

Qujiang Cultural Tourism announced that Tourism Investment Group, the controlling shareholder of the company, reached a settlement with CMB Financial Leasing Co., Ltd. and completed full repayment. The Shanghai Financial Court has terminated the disposal of 28.4057 million of the company's tradable shares under unlimited sales conditions. This portion of the shares accounted for 24.81% of the shares held by the Tourism Investment Group, accounting for 11.14% of the company's total share capital. Currently, CMB Financial Leasing Co., Ltd. has submitted an application to the court to unfreeze it.

[2-board electric motor: the company's latest rolling price-earnings ratio is 347.13, which is significantly higher than the industry average]

CLP Electric issued an announcement of abnormal fluctuations in stock trading. The company's latest rolling price-earnings ratio was 347.13, and the latest net market ratio was 5.06, which is significantly higher than the industry average. According to the disclosed Highland Resources “CLP Electric Co., Ltd. Limited Detailed Equity Change Report” and Highland Resources confirmation, Highland Resources and its related parties have no plans to inject their asset business into the listed company through restructuring and listing within the next 12 months.

[2 consecutive Yabo shares: the controlling shareholder of the company increases the company's shares]

Yabo Co., Ltd. issued an announcement of abnormal fluctuations in stock trading. After verification, there were no major changes in the company's business conditions or internal and external business environment. Shandong Quanxing Technology Co., Ltd., the controlling shareholder of the company, increased its shares through centralized bidding transactions through the Shenzhen Stock Exchange trading system. The company or controlling shareholders have no important matters relating to the company that should be disclosed but not disclosed, or that are in the planning stage.

[China Energy Construction: Subsidiaries jointly won the bid for the 15.096 billion yuan reclamation engineering survey, design and construction general contract project]

China Energy Construction announced that its subsidiary China Gezhouba Group Three Gorges Construction Engineering Co., Ltd. (consortium leader) formed a consortium with China Water Pearl River Planning, Survey and Design Co., Ltd. and Guangzhou Engineering Survey Institute Co., Ltd. to win the bid for the reclamation engineering survey, design and construction general contracting project for the Zhuhai Jinwan Yacht Industrial Park yacht R&D and manufacturing project. The bid amount was about 15.096 billion yuan, of which the company covered about 14.497 billion yuan. The project includes construction elements such as offshore seawall projects, land area formation, river excavation, and bank protection projects. The total construction period of the project is about 1,395 days. Currently, the relevant parties have not formally signed the contract, and there is still uncertainty about the project.

Investments & Contracts

[Huasheng Lithium: Plans to invest 39.999999 million yuan to invest in Prustar's shareholding ratio is 14.68%]

Huasheng Lithium Battery announced that the company plans to invest in Jiangsu Pushida Environmental Technology Co., Ltd. through its own capital. The proposed investment amount is RMB 39.999999 million, and the shares issued by Pustar will be subscribed at a price of 6.50 yuan/share. After this investment, the company will directly hold 6.1538 million shares of Pustar, with a shareholding ratio of 14.68%. The investment aims to seize the demand for high-capacity anode materials for new energy vehicles and the rapid development of the energy storage market, and further improve the company's industrial layout in the field of new anode materials for lithium batteries.

[City Investment Holdings: Subsidiaries plan to invest in the construction of Duxing Old Street and Zhujiao “urban village” renovation projects]

CITI Holdings announced that its subsidiary CITIC Land plans to sign cooperation agreements with the Pujiang Town People's Government and the Huacao Town People's Government, and establish joint ventures with the collective economic organizations of Pujiang Town and Huacao Town respectively to invest in the construction of the “urban village” renovation project in Duhang Old Street in Pujiang Town, Minhang District, and the “urban village” renovation project in Zhujiao Town, Huacao Town. Among them, the total investment in the Duxing project was about 6.517 billion yuan, and the total investment in the Zhuzhai project was about 11.839 billion yuan. By participating in the development and construction of these two projects, it will help raise the company's level of specialization in the field of urban renewal and provide a guarantee for the company's continuous operation. However, the project construction period is long, and the total investment amount is the planned number or estimated amount. The actual amount may be affected by many factors and there is uncertainty.

[Wingtech Technology: The subsidiary Anshi Semiconductor plans to invest in overseas funds with a total investment of no more than 5 million euros]

Wingtech Technology announced that Anshi Semiconductor, a wholly-owned subsidiary of the company, plans to invest in an overseas fund Amadeus APEX Technology euveCA GmbH & Co KG. Key investment directions include artificial intelligence and machine learning, quantum technology/photonics, mobility and spatial innovation, autonomous systems and robotics. Anshi Semiconductor promised an initial capital investment of 3.85 million euros. Further investments will be made according to the actual situation, with a total investment of no more than 5 million euros. This investment does not involve related transactions, nor does it constitute a major asset restructuring. The investment aims to enhance experience in developing basic semiconductor solutions for basic applications in these technology areas.

Changes in equity

[Hongdu Airlines: Plans to publicly list and transfer 70% of Zhaoheng Trading's shares]

Hongdu Airlines announced that the company plans to transfer 70% of its shares in the joint venture company Zhaoheng Trading through public listing on the Beijing Property Exchange. After the transaction is completed, the company will no longer hold shares in Zhaoheng Trading. The transaction is carried out using a public listing method. The target of the transaction has not yet been determined, and it is not possible to determine whether it constitutes a related transaction for the time being. This transaction does not constitute a major asset restructuring. This transaction will help the company to further focus on its main business, revitalize existing assets, and optimize resource allocation.

[ST Mingcheng: Plans to acquire 51% of Qingneng Country Garden's shares for 46.0135 million yuan]

ST Mingcheng announced that the company plans to invest 46.0135 million yuan to acquire 51% of the shares of Hubei Qingneng Country Garden Property Service Co., Ltd. (“Qingneng Country Garden”) held by the controlling shareholder Hubei Liantou City Operation Co., Ltd. After the acquisition is completed, the company will hold 51% of Qingneng Country Garden's shares, and Qingneng Country Garden will become the company's controlling subsidiary and be included in the scope of the consolidated statement.

[Colorful Chemical: Actual Controller and Controlling Shareholder Agreed to Transfer 5.9108% Shares]

Qicai Chemical announced that Xu Huixiang, the actual controller of the company, and Huifeng Investment, the controlling shareholder, signed a share transfer agreement with Fengyan Fund on September 22, 2024. Xu Huixiang and Huifeng Investment plan to transfer a total of 24 million shares of tradable shares with unlimited sales conditions to Fengyan Fund through an agreed transfer agreement, accounting for 5.9108% of the company's total share capital.

Increase/decrease holdings & repurchases

[Huakang Medical: Sunshine Life plans to reduce its holdings by no more than 3%]

Huakang Medical announced that Sunshine Life Insurance Co., Ltd., the shareholder holding 5% or more of the company's shares, plans to reduce its holdings by no more than 3,168,000 shares through centralized bidding and bulk transactions within 3 months after 15 trading days from the date of disclosure of this announcement, and the proposed reduction ratio shall not exceed 3% of the company's total share capital. Sunshine Life holds 6,661,246 shares of the company, accounting for 6.3080% of the company's total share capital. The implementation of this holdings reduction plan will not lead to changes in the company's control, nor will it have a significant impact on the company's shareholding structure, governance structure and continuous operation.

other

[ICBC: Issuance of the $20 billion Global Medium-Term Note Program Sale Circular]

ICBC announced that the company has submitted a listing application for the US$20 billion Global Medium-Term Note Program to the Hong Kong Stock Exchange and will complete the listing on September 24, 2024. The notes to be issued under the program are for purchase by professional investors only.

[Angel Yeast: General Safety Incident Occurred at Subsidiary]

Angel Yeast announced that recently, the company learned that the holding subsidiary Hongyu Packaging Printing Section had an accident during the production process, causing a night shift operator to die after being rescued. After the accident occurred, Hongyu Packaging immediately initiated an emergency plan and organized rescue work. Hongyu Packaging carried out a comprehensive investigation of hidden hazards and stopped production and rectification of related equipment. Production resumed after the investigation department issued a conclusion and passed the rectification inspection. As the investigation and aftercare work of this accident is still ongoing, Hongyu Packaging has yet to receive the investigation report and related handling opinions issued by the accident investigation team. As the timing of the discontinuation of production of the relevant equipment is uncertain, the financial impact on Hongyu Packaging cannot yet be predicted. Through subsequent production adjustments, Hongyu Packaging will minimize the losses caused by this accident.