Fuhuang(SZ:002743) Mei Ri Jing Ji Xin Wen·2025-09-28 02:18Core Viewpoint - Fuhuang Steel Structure has been investigated by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following a significant stock price surge prior to a major asset restructuring announcement [1][6]. Group 1: Investigation and Allegations - On September 26, Fuhuang Steel Structure announced it received a notice of investigation from the CSRC due to suspected information disclosure violations [1]. - The company's stock price experienced a substantial increase of 75.11% from October 24 to December 5, 2024, raising investor concerns [5]. - Prior to the announcement of a major asset restructuring, Fuhuang Steel Structure had denied any plans for mergers or acquisitions, stating "the company currently has no merger and acquisition plans" [5][6]. Group 2: Stock Price Movements - Following the denial of restructuring plans, the stock price rose by an additional 34.56% before the announcement of the restructuring on December 5, 2024, leading to market skepticism regarding the timing of the price movements [6]. - On the last trading day before the restructuring announcement, the stock price hit the daily limit up, indicating speculative trading behavior [5]. Group 3: Company Response and Future Actions - Fuhuang Steel Structure stated that all business operations are normal and that it will cooperate with the CSRC during the investigation while adhering to information disclosure obligations [7]. - The company indicated that if it fails to issue a notice for a shareholders' meeting by June 20, 2025, it must disclose a special explanation regarding the reasons and whether to continue or terminate the transaction [7].