Leading stock hits limit-up 5 days in a row: List of A-shares disclosing M&A and restructuring progress this week

Cailian Press, February 28 (Editor: Pingfang) The A-share market continues to see active mergers and acquisitions. As of the close on Friday, Jiangwu Equipment, which plans to raise no more than 1.882 billion yuan through private placement to acquire tungsten and tantalum assets, has achieved 5 trading halts in 7 days.

According to incomplete statistics from Cailian Press, as of press time, 14 A-share listed companies have disclosed progress in mergers and acquisitions this week, including Zhongying Technology, Shima Shares, Huashengchang, Guoci Materials, Haoliang Data, Aokema, Guotou Zhonglu, Borteli, Aibo Medical, Zhiyang Innovation, Changxin Bochuang, Shenlian Biological, Dongyang Sunshine, Tongwei Co., with details shown in the chart below:

Among them, the well-known domestic high-frequency communication materials manufacturer Zhongying Technology announced on Friday that the company is planning to purchase at least 51% of Changzhou Yingzhong Electric Co., Ltd. with cash and gain control. After the transaction, Yingzhong Electric will become a controlling subsidiary of the company. This transaction is expected to constitute a major asset restructuring. The company’s stock will not be suspended and will disclose progress in stages. The target company specializes in insulating fiber materials and their molded products. After years of industry deep cultivation, its products now cover all voltage levels of power transmission and transformation equipment, including medium, low, high, ultra-high, and extra-high voltage AC/DC.

Huashengchang, a national high-tech enterprise focused on the research, production, and sales of various measurement instruments, announced on Friday that it plans to acquire 100% equity of Shenzhen Galiante Technology Co., Ltd. with cash, with an overall valuation tentatively set at 460 million yuan. Meanwhile, the company’s controlling shareholder Yuan Jianmin plans to transfer 5% of the shares to Galiante’s founding shareholder Yu Xinwen through an agreement, contingent upon the completion of the target company’s acquisition. Galiante specializes in optical communication modules and optical chip testing within the instrument testing and measurement industry, and this equity acquisition extends the company’s industrial layout horizontally.

Changxin Bochuang, which mainly focuses on the research, production, and sales of integrated optoelectronic devices in the optical communication field, announced on Tuesday that it plans to acquire 93.8108% of Shanghai Honghui Optical Union Communication Technology Co., Ltd. The tentative transfer price for the target equity is 375 million yuan. The company’s main business includes optical communication equipment sales. This acquisition is part of the company’s upstream layout in the optical communication industry chain. The company aims to expand its product offerings in the upstream optical device field through this acquisition, enhancing profitability and sustainable operation, and further leveraging synergistic effects.

Dongyang Sunshine, which has a complete chlorofluorocarbon chemical industry chain, announced on Tuesday that it is planning to acquire control of Yichang Dongshu No. 1 Investment Co., Ltd. (referred to as “Dongshu No. 1”) through issuing shares and raise supporting funds. This transaction is expected to constitute a major asset restructuring and a related-party transaction. The company’s stock has been suspended since the market opened on February 24 and will remain suspended from February 25 onwards. Dongshu No. 1 was established to acquire Qinhuai Data, controlling 100% of the operating entity through its wholly owned subsidiary Yichang Dongshu No. 3 Investment Co., Ltd. Public information shows that Qinhuai Data is a computing power supplier for ByteDance.

Tongwei Co., a global leader in high-purity crystalline silicon, announced on Tuesday that it is planning to acquire 100% equity of Qinghai Lihao Qingneng Co., Ltd. through issuing shares and cash, and to raise supporting funds. The company’s stock, convertible bonds, and bond conversions have been suspended since February 25, with an expected suspension period of no more than 10 trading days. Data shows that Lihao Qingneng mainly engages in the research, production, and sales of photovoltaic-grade high-purity crystalline silicon, electronic-grade polysilicon, and other semiconductor materials.