AMC出手，举牌！

Core Viewpoint - CITIC Financial Asset has increased its stake in Hangyang Co., Ltd., a company valued at 26.3 billion yuan, indicating confidence in its future development and value recognition [2][5]. Group 1: Stake Acquisition Details - On October 28, CITIC Financial Asset acquired 13,968,400 shares of Hangyang, representing 1.43% of the total share capital, bringing its total holdings to 48,917,667 shares, or 5% of the total [2][5]. - The acquisition was executed through a block trade at a price of 26.06 yuan per share, slightly below the closing price of 26.14 yuan, with a total transaction value of 364 million yuan [5]. Group 2: Company Overview - Hangyang Co., Ltd. is a leading supplier of air separation equipment and low-temperature petrochemical equipment, recognized as a pioneer in China's gas industry [5]. - The company is controlled by the Hangzhou State-owned Assets Supervision and Administration Commission and is involved in gas, equipment and engineering, high-end manufacturing, and is actively expanding into energy-saving and green low-carbon industries [5]. Group 3: CITIC Financial Asset Background - CITIC Financial Asset, formerly known as China Huarong Asset Management Company, focuses on distressed asset management, asset management, and investment [6]. - As of June 2025, CITIC Financial Asset reported total assets of 10,109.33 billion yuan and achieved total revenue of 402.21 billion yuan with a net profit of 61.68 billion yuan in the first half of 2025 [7]. Group 4: Other Holdings - In addition to Hangyang, CITIC Financial Asset holds over 5% stakes in several other listed companies, including CITIC Limited, Everbright Bank, Zhongshan Public Utilities, and others [8].