Core Viewpoint - *ST Baoying is undergoing a significant change in its controlling shareholder and actual controllers, with the transfer of shares to Hainan Shitong Niu Investment Co., Ltd. and a commitment from the previous shareholder not to seek control [1][2] Group 1: Shareholder Changes - The controlling shareholder of *ST Baoying will change to Hainan Shitong Niu Investment Co., Ltd. from Zhuhai State-owned Assets Supervision and Administration Commission [1] - Zhuhai Dahengqin Group will transfer 75,964,100 shares, representing 5.01% of the total shares, to Shitong Niu [1] - After the transfer, Shitong Niu will hold 5.01% of the voting rights in *ST Baoying [1] Group 2: Stock Issuance and Agreements - On October 24, *ST Baoying signed a conditional share subscription agreement with Shitong Niu for a cash subscription of up to 423 million shares, which will increase Shitong Niu's total shareholding to 25.74% [2] - The agreement includes a performance commitment and compensation agreement between Zhuhai Dahengqin Group and Shitong Niu [2] - The completion of these agreements will finalize the change in controlling shareholder and actual controllers of *ST Baoying [2]

Group 1 - Delong Huineng (000593) announced on October 24 that its controlling shareholder, Beijing Dingxin Ruitong Technology Development Co., Ltd., signed a share transfer intention agreement with Dongyang Noxin Composite Material Management Partnership (Limited Partnership), intending to transfer 29.64% of its shares, which may lead to a change in control of the company [1][3] - If the share transfer is completed, the actual controller of the company will change, but it will not adversely affect the company's normal production and sustainable development [3] - The company primarily engages in urban gas business, LNG-related business, and comprehensive energy business [4] Group 2 - Gongjin Co., Ltd. (603118) announced on October 24 that its major shareholders are planning a share transfer, which may lead to a change in control [4] - The company will suspend trading from October 27 due to the ongoing negotiations regarding the share transfer, with an expected suspension period of no more than two trading days [6] - Gongjin Co., Ltd. is a provider of information and communication products, covering various network communication and AI hardware manufacturing businesses [6] Group 3 - ST Baoying (002047) announced on October 24 that it plans to issue up to 423 million shares to Hainan Shitong New Investment Co., Ltd., raising no more than 800 million yuan, which will be used to supplement working capital and repay debts [8] - The controlling shareholder, Zhuhai Dahengqin Group Co., Ltd., intends to transfer 5.01% of its shares to Shitong New, with a transfer price of no less than 4.67 yuan per share, totaling no less than 355 million yuan [8] - After the completion of the share transfer and related agreements, the controlling shareholder will change to Shitong New, with the actual controllers being Fu Xiaoqing and Fu Xiangde [8] Group 4 - Shanda Diwei (688579) announced on October 24 that its actual controller, Shandong University, and Shandong Provincial State-owned Assets Supervision and Administration Commission signed a non-compensatory transfer agreement, transferring 24.59% of shares to Shandong High-speed Group [9][13] - If the transfer is completed, the controlling shareholder will change from Shanda Capital to Shandong High-speed Group, and the actual controller will change from Shandong University to Shandong Provincial State-owned Assets Supervision and Administration Commission [13] - Shanda Diwei's main business includes smart social security, smart medical insurance, and intelligent electricity, with revenue primarily from government departments and social enterprises [13] Group 5 - Huamai Technology (603042) announced on October 24 that it will resume trading on October 27 after terminating the planned change of control due to a lack of consensus on core issues with the transaction party [14] - Huamai Technology is a provider of information communication network infrastructure solutions, focusing on creating value for customers in the communication field [14]

【导读】华脉科技易主事项终止，自10月27日开市起复牌 10月24日晚间，华脉科技（603042）发布公告称，交易双方决定终止筹划公司控制权变更事项。 华脉科技自10月20日开市起停牌，将于10月27日开市起复牌。截至10月17日收盘，华脉科技股价报15.98元/股，总市值为25.66亿 元。 交易双方核心事项未达成共识 实控人此前大比例质押股份 公告显示，华脉科技10月19日收到其实控人胥爱民通知，胥爱民正在筹划华脉科技部分股份协议转让事宜，可能导致华脉科技控 制权变更。 华脉科技公告称，交易双方终止筹划公司控制权变更事项，主要是涉及事项较多，以及与交易对方就核心事项未达成共识。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起 | 停牌期 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | 始日 | 间 | | | | 603042 | 华脉科技 | A 股 复牌 | | | 2025/10/24 | 2025/10/27 | | 报告期末普通股股东总数 | | 31, 948 总数(如有) | 报告期末表决权恢复的 ...

【导读】华脉科技易主事项终止，自 10 月 27 日开市起复牌 中国基金报记者 闻言 10 月 24 日晚间，华脉科技发布公告称，交易双方决定终止筹划公司控制权变更事项。 华脉科技自 10 月 20 日开市起停牌，将于 10 月 27 日开市起复牌。截至 10 月 17 日收 盘，华脉科技股价报 15.98 元 / 股，总市值为 25.66 亿元。 交易双方核心事项未达成共识 实控人此前大比例质押股份 公告显示，华脉科技 10 月 19 日收到其实控人胥爱民通知，胥爱民正在筹划华脉科技部分股 份协议转让事宜，可能导致华脉科技控制权变更。 华脉科技公告称，交易双方终止筹划公司控制权变更事项，主要是涉及事项较多，以及与交 易对方就核心事项未达成共识。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起 | 停牌期 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | 始日 | 间 | | | | 603042 | 华脉科技 | A 股 复牌 | | | 2025/10/24 | 2025/10/27 | 截至 2025 年 9 ...

Core Viewpoint - Delong Huineng is planning a change in control as its major shareholder intends to transfer 29.64% of its shares, which may lead to a shift in the company's control structure [2][4]. Group 1: Share Transfer Details - The controlling shareholder, Beijing Dingxin Ruitong Technology Development Co., Ltd., has signed a share transfer intention agreement with Dongyang Noxin Chip Material Enterprise Management Partnership (Limited Partnership) to transfer 29.64% of its shares [2][4]. - The transfer is subject to negotiations regarding specific transaction plans and agreements, with significant uncertainties remaining [4]. - The funding for the acquisition will come from Noxin Chip Material's self-raised funds, with state-owned LP contributions pending internal processes [4]. Group 2: Impact on Company Operations - If the share transfer is completed, the actual controller of Delong Huineng will change, but the company asserts that this will not adversely affect its normal production and ongoing development [4]. - The proposed change in control does not involve a tender offer and does not harm the interests of the company or minority shareholders [4]. Group 3: Market Reaction - Following the announcement, Delong Huineng's stock price surged to its daily limit, closing at 8.71 yuan per share, with a total market capitalization of 3.1 billion yuan [12]. Group 4: Potential Industry Implications - The entry of Noxin Chip Material may inject semiconductor industry resources into Delong Huineng, which is primarily focused on clean energy production and supply, particularly natural gas [11][10].

Core Viewpoint - Asia-Pacific Pharmaceutical (002370) announced a significant change in its shareholding structure, with a transfer of 14.61% of its shares from its current controlling shareholder, Fubon Group, to Xinghao Holdings, which will result in a new actual controller [1] Group 1: Share Transfer Details - On October 13, Fubon Group and its action-in-concert party, Hangu Investment, signed a share transfer agreement with Xinghao Holdings and Xingchen Investment [1] - The share transfer involves 14.61% of the company's shares at a price of 8.26 yuan per share, totaling 900 million yuan [1] - Following the completion of this transfer, the controlling shareholder will change from Fubon Group to Xinghao Holdings, and the actual control will shift from the management team led by Song Hanping, Fu Cai, and Hu Zhenghui to Qiu Zhongxun [1] Group 2: Investment Structure Adjustment - The announcement also mentioned an adjustment in the investment structure of one of the transferees, Xingchen Investment, which has changed its original limited partner from Anji Jiuheng Venture Capital Co., Ltd. and Anji Shuzhi New Economy Equity Investment Partnership (Limited Partnership) to only Anji Jiuheng Venture Capital Co., Ltd. [1] - Both Anji Jiuheng Venture Capital and Anji Shuzhi New Economy are subsidiaries of the Anji County Finance Bureau [1]

中经记者 苏浩 卢志坤 北京报道 针对此次控制权变更的具体事宜，记者日前向多瑞医药方面致函并致电采访，但截至发稿，暂未收到公 司方面回复，其间记者亦多次拨打公司证券部电话，均未有人接听。 控制权拟变更 据悉，本次多瑞医药控制权变更计划的相关安排通过股份协议转让结合部分要约收购的方式分步实施。 根据披露，公司现控股股东西藏嘉康及其关联方舟山清畅已与王庆太、崔子浩、曹晓兵共同签署《股份 转让协议》，约定以每股32.064元的价格，向后者转让2368万股公司流通股，占总股本的29.60%。 此外，王庆太与曹晓兵还计划发起部分要约收购，拟进一步收购1944万股，约占公司总股本的 24.30%。完成上述交易后，上述三位投资者将合计持有公司29.60%的股份及相应表决权，成为公司新 的实际控制人。 公司官网/图） （多瑞医药外景 上市四年后，这家营收腰斩、出现上市后首次年度亏损的医药公司，迎来了控制权的更迭。 近期，多瑞医药复牌并发布公告称，公司控股股东西藏嘉康时代科技发展有限公司（以下简称"西藏嘉 康"）及其一致行动人舟山清畅企业管理合伙企业（有限合伙）（以下简称"舟山清畅"）与受让方王庆 太、崔子浩、曹晓兵于2025 ...

Core Viewpoint - After four years of listing, the pharmaceutical company Duori Pharmaceutical has experienced a significant revenue decline and its first annual loss post-IPO, leading to a change in control [2][6]. Group 1: Control Change - Duori Pharmaceutical's controlling shareholder, Tibet Jiakang Times Technology Development Co., Ltd., has signed a share transfer agreement with new investors Wang Qingtai, Cui Zihao, and Cao Xiaobing, transferring 23.68 million shares at a price of 32.064 yuan per share, representing 29.60% of the total share capital [3][4]. - Wang Qingtai and Cao Xiaobing plan to initiate a partial tender offer to acquire an additional 19.44 million shares, approximately 24.30% of the total share capital, which would make them the new actual controllers of the company [3][4]. - The new investors lack a background in the pharmaceutical industry, with Wang Qingtai being known in the bicycle sector and the others focused on construction and technology [2][3]. Group 2: Financial Performance - Duori Pharmaceutical's revenue has been declining, with 2023 revenue at 334 million yuan, down 16.64% year-on-year, and a net profit of 18.85 million yuan, down 8.05% [7]. - In 2024, the company reported a revenue of 241 million yuan, a 28.02% decline, and a net loss of 62.67 million yuan, marking its first annual loss since going public [7]. - The decline in performance is closely linked to the sales of its core product, Sodium Acetate Ringer's Injection, which saw revenue drop from 465 million yuan in 2021 to 231 million yuan in 2023 [7]. Group 3: Future Commitments - The original controlling shareholder has made a binding performance commitment for Duori Pharmaceutical to achieve specific financial targets from 2025 to 2027, including a minimum revenue of 150 million yuan in 2025 and a net profit of no more than 90 million yuan [6]. - If the company fails to meet the cumulative net profit target during the commitment period, Tibet Jiakang will compensate the difference in cash [6]. Group 4: Strategic Moves - To counteract declining core business performance, Duori Pharmaceutical announced a 271 million yuan acquisition of a 70% stake in Shanghai Qianlian Biotechnology, which has been underperforming with revenues of only 11.21 million yuan in 2023 [8]. - The company has faced scrutiny from the Shenzhen Stock Exchange regarding discrepancies between cash flow and net profit, highlighting concerns over high cash and debt levels [8].

北京商报讯（记者 马换换 李佳雪）10月22日晚间，标准股份（600302）披露公告称，因公司控股股东 标准集团目前正按照实际控制人西安市人民政府国有资产监督管理委员会及西安工业投资集团有限公司 的通知要求，正在筹划重大事项，该事项可能导致公司控制权发生变更，公司股票将于10月23日起继续 停牌，预计停牌时间不超过3个交易日。 标准股份表示，停牌期间，公司将根据上述事项进展情况，严格按照有关法律法规的规定和要求履行信 息披露义务。待上述事项确定后，公司将及时发布相关公告并申请股票复牌。 ...

智通财经APP讯，标准股份(600302.SH)发布公告，公司于2025年10月20日收到控股股东标准集团的通 知，其目前正按照实际控制人西安市人民政府国有资产监督管理委员会及西安工业投资集团有限公司的 通知要求筹划重大事项，该事项可能导致公司控制权发生变更。公司股票已于2025年10月21日(星期二) 起停牌。 目前，公司控股股东、实际控制人及相关方正在积极推动本次重大事项的各项工作，公司预计无法在 2025年10月23日(星期四)开市起复牌。根据相关规定，经公司向上海证券交易所申请，公司股票将于 2025年10月23日(星期四)起停牌，预计停牌时间不超过3个交易日。 ...