PIVOT AUTO(SZ:301181) Zhong Guo Jing Ji Wang·2025-11-07 06:45Core Viewpoint - The stock of Biaobang Co., Ltd. (301181.SZ) faced a trading halt and subsequently dropped by 20% to 40.96 yuan after the announcement of the termination of control rights change plans, resulting in a total market capitalization of 4.733 billion yuan [1][2]. Group 1 - Biaobang Co., Ltd. announced the termination of its plans to change control rights, which was initially proposed by its controlling shareholder, Jiangyin Biaobang Network Technology Co., Ltd. [2] - The stock was suspended from trading on October 31, 2025, after reaching a peak price of 53.96 yuan on October 28, 2025, marking a new high since its listing [2]. - The company stated that the termination of the control rights change would not have a significant adverse impact on its operational performance and financial status [2]. Group 2 - Biaobang Co., Ltd. was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on February 21, 2022, with an initial public offering of 22.5 million shares at a price of 40.25 yuan per share [3]. - The total funds raised from the IPO amounted to 906 million yuan, with a net amount of 838 million yuan after deducting issuance costs, exceeding the original plan by 271 million yuan [3]. - The funds raised are intended for expansion projects related to automotive power system connection pipes, construction of cooling systems for new energy vehicle batteries, R&D center development, and working capital supplementation [3].