天眼查显示，近日，上海智元航智能终端有限公司成立，法定代表人为何利民，注册资本1000万人民 币，由苏州柯利达装饰股份有限公司全资持股。 序号股东名称持股比例1苏州柯利达装饰股份有限公司100% 经营范围含移动终端设备销售；计算机软硬件及外围设备制造；电子产品销售；计算机软硬件及辅助设 备批发；计算机软硬件及辅助设备零售；通信设备销售；货物进出口；技术进出口；集成电路销售；集 成电路芯片及产品销售；半导体器件专用设备销售；计算机及通讯设备租赁；互联网销售（除销售需要 许可的商品）；市场营销策划；软件开发；信息系统集成服务；信息技术咨询服务；计算机系统服务； 数字技术服务；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；信息系统运行维护 服务；云计算装备技术服务。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 企业名称上海智元航智能终端有限公司法定代表人何利民注册资本1000万人民币国标行业制造业>计算 机、通信和其他电子设备制造业>电子器件制造地址上海市松江区新桥镇新格路9556号企业类型有限责 任公司（自然人投资或控股的法人独资）营业期限2026-1-27至无固定期限登记机关松江分局 ...

企查查APP显示，近日，上海智元航智能终端有限公司成立，注册资本1000万元，经营范围包含：集成 电路销售；集成电路芯片及产品销售；半导体器件专用设备销售；计算机及通讯设备租赁等。企查查股 权穿透显示，该公司由ST柯利达（603828）全资持股。 （原标题：ST柯利达成立智能终端公司，含集成电路业务） ...

证券之星消息，1月27日装修装饰板块较上一交易日上涨0.3%，ST名家汇领涨。当日上证指数报收于 4139.9，上涨0.18%。深证成指报收于14329.91，上涨0.09%。装修装饰板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300506 | ST名家汇 | 5.20 | 8.33% | 30.64万 | 1.54亿 | | 603828 | ST柯利达 | 7.75 | 5.01% | 10.95万 | 8381.82万 | | 002620 | ST瑞和 | 6.70 | 4.04% | 0 9.86万 | 6494.89万 | | 002047 | *ST宝鹰 | 4.71 | 2.84% | 37.16万 | 1.75亿 | | 002963 | 蒙尔赛 | 16.04 | 2.10% | 4.47万 | 7012.05万 | | 600193 | *ST创兴 | 4.69 | 0.64% | 7.74万 | 3619.87万 | | 002830 | 名雕股 ...

证券代码：603828 证券简称：ST 柯利达 公告编号：2026-007 名称：苏州柯利达装饰股份有限公司 类型：股份有限公司（上市、自然人投资或控股） 住所：苏州市高新区运河路 99 号 1 幢 101 室 苏州柯利达装饰股份有限公司 关于完成工商变更登记并换发营业执照的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 苏州柯利达装饰股份有限公司（以下简称"公司"）于 2025 年 5 月 20 日召 开 2024 年年度股东大会，审议通过《关于修订<公司章程>并办理工商变更的议 案》；2025 年 12 月 29 日召开 2025 年第一次临时股东大会，审议通过《关于取 消监事会及修订<公司章程>的议案》。具体内容详见公司在上海证券交易所网 站（www.sse.com.cn）和指定信息披露媒体上发布的相关公告。 近日，公司完成上述事项的工商变更登记及《公司章程》的备案手续，并取 得苏州市数据局换发的《营业执照》。本次变更后的工商登记基本信息如下： 统一社会信用代码：91320500722291305C 经营范围：承包 ...

Core Viewpoint - Recent changes in the transfer of control rights in listed companies indicate a shift towards more structured and regulated transactions, aiming to prevent speculative behaviors and ensure that only capable buyers engage in acquisitions [4][11][12]. Group 1: Changes in Control Rights Transfer - The transfer of control rights in listed companies has seen a significant increase, with new practices emerging, such as shareholders relinquishing voting rights and committing to long lock-up periods [3][7]. - For instance, Huashi Technology (301218.SZ) reported a transfer of 11.32% of its shares while the original shareholders gave up 33.97% of their voting rights, indicating a trend away from voting rights delegation [3][9]. - New shareholders in companies like ST Keli Da (603828.SH) and Tian Chuang Fashion (603608.SH) are committing to a 60-month lock-up period, while original shareholders are agreeing to a 36-month lock-up [3][9]. Group 2: Regulatory and Market Implications - The recent changes are seen as a response to the explosive growth in control rights transactions, which have led to excessive stock price increases and potential market manipulation [4][11]. - Analysts suggest that these commitments will lead to a restructuring of evaluation standards and a more complex design of transaction schemes, promoting a competitive environment where only strong, demand-driven buyers prevail [5][12]. - The introduction of regulations by the China Securities Regulatory Commission (CSRC) prohibiting the delegation of voting rights further emphasizes the move towards stricter control in these transactions [10]. Group 3: Long-term Commitments and Financial Integrity - The new requirements, such as a 60-month non-transfer period and a minimum of 50% self-funding for acquisitions, aim to create a "risk firewall" and prevent the transfer of risks to the listed companies [13][14]. - These measures are intended to protect the integrity of listed companies and ensure that funds are used to enhance core business operations rather than for personal asset support [14]. - The shift signifies a transition from valuing control rights as mere power to recognizing the long-term responsibilities associated with governance and shareholder value creation [14].

回应了过往控制权交易中的三大顽疾：短期套利、杠杆风险与利益侵占。 上市公司原股东放弃表决权，控制权收购方承诺锁定期为60个月、36个月内不进行股权质押……近期， 在一些上市公司控制权转让的案例中，交易双方的做法出现一些新变化。 1月21日晚间，华是科技（301218.SZ）披露了控制权转让的权益变动报告书，该公司股东通过协议转 让、放弃剩余33.97%持股表决权的方式，向收购方转让11.32%股权，后续收购方再通过定增方式巩固 控制权。在业内看来，此前的表决权委托将会逐渐退出市场。 此外，近期在ST柯利达（603828.SH）、天创时尚（603608.SH）、奥联电子（300585.SZ）等公司转让 实控权的公告中，新股东承诺锁定期为60个月，老股东承诺锁定期为36个月；收购方36个月内不得进行 股权质押；收购方取得上市公司股权的出资来源，自有资金比例不得低于50%；未来36个月内，没有向 上市公司注入重大资产的计划。 根据ST柯利达1月9日发布的公告，柯利达集团承诺直接持有的上市公司股份自股权转让办理完工商变 更登记之日起60个月内不对外转让；受让方英众智能及相关方也承诺，自柯利达集团就此次股权转让办 理完 ...

Group 1 - The core viewpoint of the article highlights a new trend in A-share control transactions, where five companies have collectively committed to a 60-month lock-up period for their acquisitions, significantly exceeding the 18-month legal minimum [1] - The companies involved in this trend include Tianchuang Fashion, Aolian Electronics, Zhongzhi Holdings, ST Keli Da, and Jianghua Micro, all of which have announced the extension of their share lock-up periods [1] - A private equity insider indicated that many recent acquisition projects have failed to materialize due to disagreements over lock-up period terms, contrasting sharply with the booming A-share merger and acquisition market since 2025 [1] Group 2 - Since the implementation of supportive policies like the "merger and acquisition six guidelines," the number of A-share merger cases and transaction volumes has significantly increased, showcasing various innovations in acquisition methods and structural entities [1] - The emergence of cases with 60-month extended lock-up periods marks a notable departure from the previously common short-term lock-up practices in the market [1] - The article suggests that the recent concentration of such long lock-up period cases reflects a shift in capital logic and market behavior in the context of A-share acquisitions [1]

Core Viewpoint - The announcement of a proposed change in control for Jianghua Microelectronics by Shanghai Fuxun Technology, which includes a 60-month share lock-up period, has sparked significant discussion in the capital market regarding extended lock-up periods, which exceed the statutory 18-month requirement by more than double [1]. Group 1: Control Change Cases - Jianghua Microelectronics is the fifth case in the A-share market within a month to feature a 60-month extended lock-up period for control changes, alongside Tianchuang Fashion, Aolian Electronics, Zhongchi Co., and ST Keli Da [1]. - The trend of extending lock-up periods to 60 months reflects a collective shift in the capital logic behind these transactions, indicating a focus on long-term investment strategies [1][11]. Group 2: Transaction Characteristics - The five cases predominantly utilized equity agreement transfers without employing the previously common voting rights entrustment model, likely due to regulatory uncertainties surrounding the latter [2]. - All five cases feature a 60-month lock-up commitment, signaling a strong long-term investment orientation from the acquirers [4]. - The funding sources for these transactions are primarily from the acquirers' own funds, with at least 50% of the total transaction amount being self-funded, enhancing transaction security [5][6]. Group 3: Pricing and Valuation - The transactions generally involved discounted pricing, with the transfer prices being lower than the closing prices prior to the announcements, which helps balance the interests of both parties involved [7][8]. - Jianghua Microelectronics' transfer price was set at 20 yuan per share, reflecting a discount of 6.63% compared to the previous closing price [8]. Group 4: Company Fundamentals - The companies involved are primarily small to mid-cap firms, with Jianghua Microelectronics having a market capitalization close to 10 billion yuan, while the others range between 3 billion to 5 billion yuan [9][10]. - Financial performance indicates that these companies are generally under pressure, with many facing declining profitability or losses, highlighting the need for strategic control changes [9][10].

证券代码：603828 证券简称：ST 柯利达 公告编号：2026-006 苏州柯利达装饰股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 苏州柯利达装饰股份有限公司（以下简称"公司"）股票价格于2026年1 月15日、1月16日、1月19日连续三个交易日内日收盘价格跌幅偏离值累计超过12%， 根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动。 2026年1月10日公司披露了《关于间接控股股东签署股权转让协议暨实际 控制人拟发生变更的提示性公告》，公司控股股东苏州柯利达集团有限公司（以下 简称"柯利达集团"）的股东顾益明、顾龙棣、顾佳、鲁崇明与上海英众智能科技 有限公司（以下简称"英众智能"）、柯利达集团签署《股权转让协议》，拟转让其 所持有的柯利达集团100%股权。若本次股权转让完成，公司直接控股股东未发生 改变，仍为柯利达集团，间接控股股东将变更为英众智能，公司实际控制人将由 顾益明、顾龙棣和顾佳变更为曹亚联和刘纯坚。 相关风险提示： 1、控制权变更风险 本次 ...

Core Viewpoint - The stock of ST Keli Da has experienced significant abnormal fluctuations, with a cumulative decline of over 12% in closing prices over three consecutive trading days [1] Group 1: Stock Performance - The stock price of ST Keli Da has shown a cumulative decline of over 12% in closing prices over three consecutive trading days, indicating abnormal volatility [1] Group 2: Shareholder Changes - The controlling shareholder, Keli Da Group, plans to transfer 100% of its equity, which will result in a change of indirect controlling shareholder to Yingzhong Intelligent, with the actual controllers changing from Gu Yiming to Cao Yalian and Liu Chunjian [1] Group 3: Financial Performance - For the third quarter of 2025, the company reported revenue of 1.189 billion yuan, a year-on-year decrease of 30.48%, and a net profit of -98.8487 million yuan, reflecting a year-on-year decline of 683.61% [1] Group 4: Risk Factors - The company has highlighted several risk factors, including changes in control, declining performance, internal control rectification, and share pledges [1]