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突发,跳水跌停!

Core Viewpoint - Wantong Development's stock plummeted to the daily limit down on August 18, amidst a generally bullish market, raising concerns over its recent cross-industry acquisition [2][4]. Group 1: Stock Performance - On August 18, Wantong Development's stock opened sharply lower, hitting the daily limit down, closing at 9.58 yuan per share, with a decline of 9.96%, resulting in a total market capitalization of 18.1 billion yuan [2][4]. - It was the only non-ST stock to hit the daily limit down during a day when over a hundred stocks in the market reached their daily limit up [2]. Group 2: Acquisition Details - Wantong Development announced plans to invest 854 million yuan to acquire a 62.98% stake in Beijing Shudu Information Technology Co., Ltd., which will become a subsidiary and included in consolidated financial statements [4]. - The acquisition has raised questions regarding its commercial rationale, as Shudu Technology has been operating at a loss in recent years [4]. - The company aims to shift its strategic focus from the real estate sector to the digital technology sector, seeking to establish a second growth curve in high-value digital chip production [4].