Mei Ri Jing Ji Xin Wen·2025-11-12 11:40Core Viewpoint - A lawsuit filed by an individual has led to a significant drop in the market value of Dazhihui (SH601519), resulting in a loss of approximately 2.209 billion yuan in a single day [1] Group 1: Company Overview - Dazhihui's stock price fell to 12.60 yuan, with a market capitalization of 25.063 billion yuan [1] - The company experienced a trading halt on November 12, with a closing drop of 8.10% [1] - The lawsuit is related to a resolution from the company's second extraordinary general meeting in 2025 concerning the merger with Xiangcai Co., which the plaintiff claims involved violations [1][4] Group 2: Legal Proceedings - The lawsuit was filed by Wang Gongwei, who claims that Dazhihui engaged in illegal activities during the merger process with Xiangcai Co. [1][4] - The case has been accepted by the Shanghai Pudong New District People's Court and is pending trial [1] - Wang Gongwei argues that the merger constitutes a significant related party transaction that should have undergone proper auditing and evaluation procedures before being presented to the shareholders [5] Group 3: Financial Impact - On the same day, Xiangcai Co. (SH600095) also saw its stock price drop to 11.65 yuan, with a market capitalization of 33.31 billion yuan, resulting in a loss of approximately 2.943 billion yuan [3] - The lawsuit's implications could affect the ongoing merger process and the financial standing of both companies involved [5][6]