Swancor Advanced Materials (SH:688585) 券商中国·2025-09-25 14:02Core Viewpoint - The stock of Awai New Materials will be suspended from trading starting September 26, 2025, due to significant fluctuations and ongoing discussions regarding asset integration with its actual controller, Deng Taihua, and related entities [1][2]. Group 1: Stock Trading and Suspension - Awai New Materials announced that its stock will be suspended from trading on September 26, 2025, following multiple instances of abnormal trading fluctuations and consecutive trading limit increases [1]. - The company has confirmed that there are no clear plans for asset sales, mergers, or restructuring involving the listed company or its subsidiaries within the next 12 months [1]. Group 2: Acquisition Offer - Shanghai Zhiyuan Hengyue Technology Partnership plans to make a tender offer to acquire 37.00% of Awai New Materials' shares at a price of 7.78 yuan per share, with a total estimated funding requirement of 1.161 billion yuan [2]. - The tender offer period is set from September 29, 2025, to October 28, 2025, and the acquirer has deposited 232 million yuan as a performance guarantee for the offer [2]. Group 3: Stock Performance - Since July, Awai New Materials has seen a significant increase in stock price, becoming the first "10x stock" and subsequently the first "20x stock" of the year, with a closing price of 132.1 yuan per share [2]. - The stock recorded a 20% increase over two consecutive trading days, reflecting strong market interest and speculation surrounding the company [2].