A股重大资产重组，明日停牌

Group 1 - The core announcement from Wukuang Development involves a significant asset restructuring plan, where the company intends to acquire stakes in Wukuang Mining Holdings and Luzhong Mining from its controlling shareholder, China Minmetals [1][3] - The stock of Wukuang Development experienced a strong surge, reaching a limit up of 10.03% on December 29, closing at 11.52 yuan, with a trading volume of 7.25 billion yuan, indicating a significant market reaction to the restructuring news [1][8] - The restructuring is part of a broader internal business integration strategy within China Minmetals Group, which aims to enhance operational efficiency and align with government directives for high-quality capital market development [1][11] Group 2 - The proposed transaction will involve asset swaps, issuance of shares, and cash payments, with the company also planning to divest certain existing assets and liabilities [3][5] - Wukuang Mining has a registered capital of 560.96 million yuan, while Luzhong Mining has a registered capital of 245.84 million yuan, indicating the scale of the assets involved in the restructuring [5][10] - The restructuring is not expected to result in a change of actual control or a reorganization listing, and the stock will be suspended from trading starting December 30, 2025, for a period not exceeding 10 trading days [3][5] Group 3 - Wukuang Development's main business includes resource trading, metal trading, and supply chain services, with key products such as steel, iron ore, and coal [10][11] - For the first three quarters of 2025, the company reported a revenue of 40.89 billion yuan, a year-on-year decline of 20.42%, and a net profit attributable to shareholders of 114 million yuan, down 16.47% [10] - China Minmetals Group, established in 1950, is a major state-owned enterprise with a focus on metal minerals, managing nine listed companies and having total assets exceeding 1.3 trillion yuan as of the end of 2024 [11][12]