YSDZ(SZ:002289) 经济观察报·2025-05-25 10:15Core Viewpoint - The article discusses the recent surge in major asset restructuring announcements among ST and *ST companies in the A-share market, highlighting *ST Yushun's significant progress in its restructuring efforts since March 2023 [1][7][8]. Group 1: *ST Yushun's Restructuring Progress - *ST Yushun has entered a critical phase of its major asset restructuring, having engaged qualified intermediaries for due diligence, auditing, and evaluation of the target companies [2][3]. - The company announced a cash acquisition of 100% equity in three data center companies, leading to a remarkable stock performance with a year-to-date increase of 308.42%, making it the second-highest gainer in the A-share market this year [2][4]. - The restructuring process has been relatively smooth, with four announcements made regarding the acquisition, indicating a structured approach to the transaction [4][5]. Group 2: Regulatory Environment and Market Implications - The increase in restructuring activities among ST companies reflects a more lenient regulatory environment, as these companies are now able to disclose major acquisition announcements, which was previously uncommon [8][9]. - Regulatory authorities are encouraging mergers and acquisitions to boost market confidence and stabilize expectations, with recent changes in restructuring regulations indicating a shift towards greater acceptance of such activities [9]. - The restructuring actions of ST companies, including *ST Yushun, are seen as both a response to regulatory easing and an opportunity for transformation into emerging industries, suggesting a potential revitalization of the capital market [9].