Swancor Advanced Materials (SH:688585) Zheng Quan Shi Bao Wang·2025-09-25 23:37Core Viewpoint - The stock of Aowei New Materials will be suspended from trading starting September 26, 2025, due to significant fluctuations and ongoing discussions regarding asset integration with its actual controller, Deng Taihua [1][2]. Group 1: Company Announcements - Aowei New Materials announced that its stock has experienced multiple instances of abnormal trading fluctuations from July 9 to September 25, 2025, with the last two trading days seeing consecutive price limits [1]. - The company confirmed that there are currently no clear plans for asset sales, mergers, or restructuring involving its subsidiaries within the next 12 months [1]. - Aowei New Materials will conduct a review of the stock trading fluctuations to protect investor interests [1]. Group 2: Acquisition Details - Shanghai Zhiyuan Hengyue Technology Partnership plans to make a tender offer to acquire 37.00% of Aowei New Materials' shares 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]. - Aowei New Materials has seen a significant stock price increase, recording a 20% rise in consecutive trading days, reaching 132.1 yuan per share, and has become the first "20-fold stock" of the year [2].