ST新华锦：关联方出售山东即墨黄酒厂有限公司的全部股权事项已终止

Core Viewpoint - ST Xinhua Jin's stock price has increased by 76.78% since October 15, 2025, with a significant rise of 34.21% over the last six trading days, indicating potential market overreaction and irrational speculation [1] Company Summary - The company's fundamentals have not undergone significant changes, suggesting that the recent stock price surge may not be justified [1] - There is a risk of a rapid decline in stock price due to the overheated market sentiment [1] Related Transactions - An associated party's plan to sell its entire stake in Shandong Jimo Huangjiu Factory Co., Ltd. to Qingdao Beer Co., Ltd. has been terminated [1] - The proceeds from the planned sale were intended to repay non-operating funds occupied by the company, and the associated party will seek alternative methods to raise funds for this purpose [1]