上交所向天龙股份发出问询函

Group 1 - The Shanghai Stock Exchange issued an inquiry letter to Tianlong Co., requesting further clarification on the company's asset acquisition announcement, highlighting concerns about the potential negative impact on the company's performance over the next 2-3 years due to the target company's ongoing losses [1] - The inquiry pointed out that the acquisition was based on a valuation of 354.7 million yuan, which is significantly higher than the target company's net assets of -19.5723 million yuan as of September 30, 2025, indicating a high valuation premium [1] - The exchange raised concerns about potential goodwill impairment, the inability to meet performance commitments, and insufficient compensation capabilities from the performance commitment party, questioning the prudence of proceeding with a high-premium acquisition under these circumstances [1]