Swancor Advanced Materials (SH:688585) Zheng Quan Shi Bao·2025-09-25 14:49Group 1 - The core point of the news is that the company, Shangwei New Materials, will suspend its stock trading starting September 26, 2025, due to significant fluctuations in stock prices and ongoing discussions regarding asset integration with its actual controller, Deng Taihua [1][2] - The company has confirmed that there are no clear plans for asset sales, mergers, or restructuring involving its subsidiaries within the next 12 months [1] - The stock has experienced a remarkable increase, becoming the first "10x stock" and later the first "20x stock" of the year, with a closing price of 132.1 yuan per share, reflecting a 20% increase [2] Group 2 - Shanghai Zhiyuan Hengyue Technology Partnership plans to make a tender offer to acquire 37.00% of Shangwei New Materials at a price of 7.78 yuan per share, with a total estimated funding requirement of 1.161 billion yuan [2] - The tender offer period is set from September 29, 2025, to October 28, 2025, and the acquirer has deposited 232 million yuan as a performance guarantee for the offer [2]