Group 1 - China Merchants Energy announced the termination of the restructuring plan for its subsidiaries, China Merchants Container Shipping and China Merchants Roll-on Roll-off, due to lack of consensus on transaction terms and changes in market conditions [1] - The company will maintain its current equity structure, while Antong Holdings will take over the controlling stake of the subsidiaries [1] - China Merchants Container Shipping operates 30 vessels with a total capacity of 47,678 TEU, ranking 34th among global liner companies [1] Group 2 - Muyuan Foods has submitted an application for the issuance and listing of H-shares on the Hong Kong Stock Exchange, with the application materials published on the exchange's website [1] - In 2024, Muyuan Foods achieved a revenue of 137.947 billion yuan, a year-on-year increase of 24.43%, and a net profit of 18.925 billion yuan, up 554.07% [2] - The company sold 71.602 million pigs, including 65.477 million market pigs and 1.2524 million slaughtered pigs, with pork product sales totaling 141,590 tons [2] Group 3 - Optoelectronics Co. received approval from the China Securities Regulatory Commission for its application to issue shares to specific investors [3] - Xingqi Eye Medicine plans to raise no more than 850 million yuan through a private placement of shares for research and development center construction and working capital [4] - Jinyang Co. intends to issue convertible bonds to raise no more than 980 million yuan for lithium battery precision components projects and working capital [5] Group 4 - Nanjing Chemical Fiber received approval from the Jiangsu Provincial State-owned Assets Supervision and Administration Commission for a major asset swap and fundraising plan [8] - Zhongcheng Co. plans to acquire 100% equity of Zhongji Jiangsu and raise funds from no more than 35 specific investors, enhancing its capabilities in energy storage projects [8] Group 5 - Guotai Haitong plans to increase its capital by 1.5 billion yuan to Guotai Junan Futures for net capital supplementation [9] - Zhinan Compass's chairman resigned due to personal reasons, with the vice chairman temporarily taking over the responsibilities [10] Group 6 - Youa Co. intends to acquire 100% equity of Shenzhen Shangyangtong for 1.58 billion yuan, marking a strategic shift into the power semiconductor sector [11] - ST Dongjing is planning a change in control, with stock suspension starting from May 28, 2025, due to negotiations with a third party [12] - Su Shi Testing plans to acquire 23.73% equity of its subsidiary Su Shi Yite for 336 million yuan, increasing its stake from 73.82% to 97.55% [13] Group 7 - Wangzi New Materials elected Wang Jinjun as chairman and appointed him as CEO for a three-year term [14] - Nanjing Public Utilities plans to merge its wholly-owned subsidiary to optimize management structure and reduce costs [14] - Western Securities plans to issue up to 1 billion yuan in technology innovation corporate bonds to supplement working capital [14] Group 8 - Lutianhua intends to acquire 100% equity of Luzhou Hongsheng Chemical Park Operations for 676 million yuan, facilitating its project implementation [15] - Camel Group elected Liu Changle as chairman during its board meeting [15] - Yapu Co. plans to purchase approximately 54.5% of Yingshuang Technology for about 578 million yuan to enhance its automotive parts strategy [15] Group 9 - Luoping Zinc Electric is planning a change in control, with stock suspension starting from May 28, 2025, pending regulatory approval [16]

每经记者｜赵李南 每经编辑｜文多 据罗平锌电公告，锌电公司拟向受让方曲靖市发展投资集团有限公司（以下简称曲靖发投）协议转让其 所持有约7243万股上市公司无限售流通股股份，占罗平锌电总股本的22.3960%。 截至今年一季度末，锌电公司持有罗平锌电27.40%的股份。 工商资料显示，曲靖发投的唯一股东为曲靖市国资委。据曲靖发投官网，该公司属曲靖市人民政府授权 曲靖市国资委履行出资人职责的市属国有独资企业，注册资本18.55亿元，下设城市运营投资、水务投 资、产业和金融投资、国有资产运营管理4个功能板块。 罗平锌电表示，本次权益变动的相关事项将根据《上市公司国有股权监督管理办法》的要求，取得有权 国资监管部门的批准或许可后方可进行。 罗平锌电称，由于上述事项尚在筹划中，且尚未签署正式协议，具有重大不确定性。为保证公平信息披 露，避免公司股价异常波动，维护广大投资者利益，经公司向深圳证券交易所申请，公司股票自2025年 5月28日开市起停牌，预计停牌时间不超过2个交易日。 "该事项目前处于筹划阶段，尚存在重大不确定性，敬请广大投资者注意投资风险。"罗平锌电称。 内部控制或得到改善 5月27日，罗平锌电（SZ002 ...

Core Viewpoint - *ST Dongjing is undergoing a potential change in control, with a new investor from the equity investment industry planning to acquire a significant stake, leading to a trading suspension for up to two days starting May 28 [2][6]. Group 1: Control Change Announcement - On May 27, *ST Dongjing announced that its control might change due to negotiations with a third-party investor, which could acquire 25% to 29.99% of the voting rights [6][9]. - The current largest shareholders, Ningbo Meishan Free Trade Port Area Blue Ocean Investment Management Center and shareholder Li Qingyue, hold 10.02% and 6.85% of shares, respectively [6][9]. - The company has no controlling shareholder or actual controller as of the 2024 annual report [6][9]. Group 2: Stock Performance - Following the announcement, *ST Dongjing's stock hit the daily limit up, closing at 6.26 yuan per share, with a total market capitalization of 1.524 billion yuan [2][9]. - The stock's trading volume was reported at 131,600 shares, indicating significant investor interest [4]. Group 3: Financial Performance - For the fiscal year 2024, *ST Dongjing reported an audited revenue of 217 million yuan, with a net loss attributable to shareholders of 73.45 million yuan [11]. - The company has been placed under delisting risk warning since March 26 due to financial performance issues, with a daily price fluctuation limit of 5% [11]. Group 4: Management's Future Plans - The management has denied any plans for equity transfer during a recent earnings call, emphasizing a focus on the core crystal oscillator business and efforts to improve operational efficiency and cost control [9][11]. - The company aims to enhance sales resources and R&D investments to maintain growth and seek new business opportunities [11].

证券代码：603100 证券简称：川仪股份 公告编号：2025-033 重庆川仪自动化股份有限公司 （一）股份受让方和表决权受托方基本情况 | 名称 | 国机仪器仪表（重庆）有限公司 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 统一社会信用代码 | 91500000MAEAUQPT2T | | | | | | | | 法定代表人 | 周开荃 | | | | | | | | 注册资本 | 20,000 万元人民币 | | | | | | | | 注册地址 | 重庆市两江新区星光大道 62 | 号 C | 区 | 2 | 楼 | 16-1 | 号 | 关于控股股东签署《股份转让框架协议的补充协议》《表决权委托协议》 暨控制权拟发生变更的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 2025 年 5 月 27 日，川仪股份直接控股股东四联集团与国机集团、国机 仪器仪表公司签署《股份转让框架协议的补充协议》，明确由国 ...

5月23日，尚纬股份（603333.SH）发布公告称，公司收到中国登记结算有限责任公司出具的《证券过户登记确认书》，公司控股股 东李广胜被司法拍卖的3600万股股票已完成过户登记手续， 公司控股股东由李广胜变更为福华通达化学股份公司，实际控制人由李广 胜变更为张华。 尚纬股份表示，本次司法拍卖股份完成过户登记后，李广胜持有公司股份2572.16万股，占公司总股本的4.14%；李广胜及其一致行 动人合计持有公司股份9397.21万股，占公司总股本的15.12%；福华化学持有公司股份1.58亿股，占公司总股份的25.35%。 公开资料显示，张华是福华化学董事长、乐山本地的知名企业家，2023年张华以73亿元人民币财富位列《2023年·胡润百富榜》第 861位。 福华化学是四川化工龙头公司，产品范围涵盖精细化学品和基础化学品。公司多项化学产品拥有领先的市场地位，公司草甘膦产能位 居全球前三、国内第二，离子膜烧碱产能已位居西南地区第一。公司产品销往全球约80个国家和地区，与先正达、科迪华、住友化 学、纽发姆、巴克莱等企业保持长期稳定的合作关系。 根据尚纬股份披露的公告，2022年至2024年，福华化学营收分别为95. ...

5月26日开盘，亚振家居股份有限公司（以下简称"*ST亚振（603389）"，股票代码：603389）再度涨 停。截至5月26日午间收盘，公司股价报收于11.13元/股，涨幅为5.00%。 作为国内较早涉足欧式家具的专业制造商及销售商，*ST亚振多年来在中高端海派经典及海派现代家具 产品的研发、生产与销售领域积累了一定的品牌知名度。近年来，公司业绩持续承压。2021年至2024 年，公司归属于上市公司股东的净利润均为负值。 因公司2024年度经审计的扣除非经常性损益后的净利润为负值，且扣除与主营业务无关的业务收入和不 具备商业实质的收入后的营业收入低于3亿元，触发《上海证券交易所股票上市规则（2025年4月修 订）》第9.3.2条规定对公司实施退市风险警示的情形，公司股票自2025年5月6日起被实施退市风险警 示。公司证券简称由"亚振家居"变更为"*ST亚振"，股票价格的日涨跌幅限制由10%变更为5%。 "披星戴帽"后，*ST亚振受到市场关注，股价一路走高。数据显示，5月6日至5月26日，15个交易日内 公司股票收获12个涨停板，涨幅达81.86%。 消息面上，为争取撤销退市风险警示，公司董事会表态："202 ...

Core Insights - The article discusses the intricate relationship between information disclosure and strategic maneuvers in the context of control transactions of listed companies, highlighting that over one-third of such transactions in 2024 are influenced by "information disclosure + strategic manipulation" [1][4] - It emphasizes the need for investors to look beyond surface-level announcements to uncover the underlying strategies and tactics employed by acquirers [5][10] Group 1: Information Disclosure Tactics - Acquirers often operate below the 30% ownership threshold to avoid mandatory offers, using strategies like voting rights delegation and concerted action agreements to effectively control companies [5] - The timing and sequence of information releases are crucial; for instance, releasing negative news before a major acquisition announcement can lower market expectations, allowing for cheaper acquisition costs [6] - The choice of language in announcements significantly impacts market perception; terms like "planning" versus "proposed acquisition" convey different levels of commitment and influence investor sentiment [6][9] Group 2: Hidden Strategies and Market Manipulation - Acquirers may use shadow accounts through offshore SPVs and trust platforms to obscure their actual control, making it difficult for the market to detect their influence [8] - Instances of information arbitrage by intermediaries, such as law firms buying stocks before announcements, illustrate the potential for exploitation within the regulatory framework [8] - The article notes that announcements containing flexible language and disclaimers have a 43% higher probability of leading to subsequent capital operations, indicating a strategic use of compliance language [9] Group 3: Advanced Analytical Approaches - The need for a multi-dimensional recognition system is highlighted, where investors can track hidden relationships and capital flows through various indicators [11] - The development of an "intelligent announcement analysis engine" by Goheal aims to leverage AI to identify semantic ambiguities and shareholder dynamics, enhancing preemptive risk assessment [11] - The article concludes that understanding information disclosure is not merely about facts but involves a sophisticated strategy that can influence market dynamics and valuations [13]

文/梧桐小新 5月20日，赛隆药业集团股份有限公司（*ST赛隆，002898）披露关于控股股东、实际控制人签署《股份转让协议》暨公司控制权拟发生变更的提示性公 告。 公司控股股东、实际控制人蔡南桂先生、唐霖女士于2025年5月18日与海南雅亿共赢科技合伙企业（有限合伙）签署了《关于赛隆药业集团股份有限公 司之股份转让协议》， 拟向海南雅亿转让其持有的公司14.16%股份（对应的股票数量为24,912,205股）。 同时，蔡南桂先生、唐霖女士 承诺自本次交易交割日起至其不再持有上市公司股份之日止，无条件且不可撤销地承诺放弃行使其所持标的公司剩余股 份所对应的除收益权和股票处置权之外的全部股东权利。标的股份作价为人民币8元/股，交易金额共计人民币199,297,640.00元。 若本次交易事项顺利实施并完成， 公司的控股股东将变为海南雅亿，由于目前海南雅亿无实际控制人，故公司将变更为无实际控制人。 本次股份转让 不触及要约收购，不构成关联交易。 相关权益变动情况如下： | 股东名称 | | 本次权益变动前 | | | | 本次权益变动后 | | | | --- | --- | --- | --- | --- | ...

Group 1 - Hongchuang Holdings plans to acquire 100% equity of Hongtuo Industrial for a transaction price of 635.18 billion yuan, constituting a major asset restructuring [1][2] - The acquisition aims to transform the company from a single aluminum deep processing business to a full industry chain covering electrolytic aluminum, alumina, and aluminum deep processing, enhancing industry concentration and promoting green low-carbon transformation [2] Group 2 - Demais plans to change control with a share transfer agreement signed with Suzhou Huixin Chuangzhi Investment, with a transaction price of 669.1 million yuan [3] - The actual controller will change from He Jianping to Pan Yi, while the direct controlling shareholder remains unchanged [3] Group 3 - Cangge Mining received cash dividends totaling 1.539 billion yuan from its associate company, Xizang Julong Copper Industry, due to strong operational performance and financial stability [4] - The dividends will enhance the company's cash flow and financial stability, supporting future development [4] Group 4 - Tongling Co. plans to split its controlling shareholder, Jiangsu Shangkun Biological Equipment, into two entities, with the new entity holding 29.08% of the company's shares [5] - The actual controllers remain unchanged, and the split is not expected to impact the company's operations [5] Group 5 - LIZHU Group's overseas subsidiary LIAN SGP plans to acquire 64.81% of the shares of Vietnamese listed company Imexpharm Corporation for approximately 1.587 billion yuan [6] - The acquisition will integrate Imexpharm into the company's consolidated financial statements [6] Group 6 - Tian Tie Technology signed a strategic cooperation framework agreement with Shenzhen Xinjie Energy to collaborate on solid lithium metal anode materials and new material development [6] - Wote Co. received a safety production license for its new material projects, enhancing production capacity for specialized materials [6] Group 7 - Gao Weida signed an investment agreement to invest 10 million yuan in Blue Core Computing, which focuses on RISC-V server chip development [7] - Bull Group adjusted its share repurchase plan to include self-raised funds, with a loan commitment of up to 360 million yuan from a bank [7] Group 8 - San Yi Heavy Industry submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange [8] - The application is in compliance with regulatory requirements and may be updated as necessary [8] Group 9 - Hubei Yihua's controlling shareholder plans to increase its stake in the company with a loan commitment of up to 360 million yuan for stock repurchase [9] - The increase plan is set to occur within six months, with a minimum investment of 200 million yuan [9] Group 10 - Sanfeng Environment's controlling shareholder increased its stake by purchasing 256,300 shares for approximately 2.11 million yuan [10] - The shareholder plans to continue increasing its stake within the next 12 months, with a minimum investment of 150 million yuan [10]

22日晚间*ST太和披露股票交易异常波动公告称，公司股票于2025年5月20日、5月21日、5月22日连续3 个交易日内日收盘价格涨幅偏离值累计超过12%，股价剔除大盘和板块整体因素后的实际波动幅度较 大，属于股票交易异常波动。敬请广大投资者注意二级市场交易风险，理性决策。 2024年度*ST太和实现营业收入1.03亿元，扣除与主营业务无关的业务收入和不具备商业实质的收入后 的营业收入为8491.97万元，归属净利润为亏损3.34亿元，扣非净利润亏损3.41亿元。 5月22日，*ST太和(605081)股价再度强势上行，当日盘中最高冲抵13.7元/股，收涨4.21%，而本周以 来，该公司股价累计涨幅已达到约15%。 公司2025年一季度实现营业收入3025.97万元，归属净利润亏损581.31万元，扣非净利润亏损504.97万 元。 由于公司2024年度经审计的利润总额、净利润或者扣除非经常性损益后的净利润孰低者为负值且扣除与 主营业务无关的业务收入和不具备商业实质的收入后的营业收入低于3亿元，*ST太和股票也已于2024 年年度报告披露后被上交所实施退市风险警示。 尽管生产经营存在风险，但*ST太和4月初筹 ...