Core Viewpoint - The company, Shengli Co., is planning a significant asset restructuring involving the acquisition of gas-related assets controlled by its major shareholder and related parties, which includes 100% equity of Zhongyou Gas (Zhuhai Hengqin) Co., Ltd. and other subsidiaries [1][2]. Group 1: Asset Restructuring Details - Shengli Co. announced plans to issue shares and pay cash to acquire gas-related assets, including 100% equity of Zhongyou Gas (Zhuhai Hengqin) and Tian Da Sheng Tong New Energy (Zhuhai) Co., Ltd., as well as controlling stakes in Nantong Zhongyou Gas Co., Ltd. and Ganhe Zhongyou Industrial Park Gas Co., Ltd. [1] - The transaction is classified as a related party transaction and is expected to constitute a major asset restructuring, but it will not change the actual controller of the company [2]. Group 2: Trading Suspension and Timeline - To protect investor interests and avoid significant impacts on stock trading, the company's shares will be suspended from trading starting October 28, 2025, with plans to disclose the transaction scheme within 10 trading days, by November 11, 2025 [4]. - If the company fails to disclose the transaction scheme by the deadline, trading will resume on November 11, 2025, and the company will provide updates on the planning process and its implications [4]. Group 3: Financial Performance - In the third quarter, Shengli Co. reported revenue of 884 million yuan, a year-on-year decrease of 12.5%, while net profit reached 31.64 million yuan, an increase of 14.35% [5][6]. - The company plans to distribute cash dividends of 0.15 yuan per 10 shares, totaling approximately 13.2 million yuan, based on the total share capital as of June 30, 2025 [6]. Group 4: Company Background - Shengli Co. was listed on the Shenzhen Stock Exchange in 1996 and is a key enterprise supported by the Shandong provincial government, with over 2,000 employees and operations in natural gas and plastic pipeline sectors [7][8]. - As of October 27, 2025, the company's total market capitalization was approximately 3.33 billion yuan [9].

Core Viewpoint - Lingzhi Software (688588.SH) is planning to acquire a controlling stake in Kaimiride (Suzhou) Information Technology Co., Ltd. through a combination of issuing shares and cash payment, while also raising supporting funds for this transaction [1][2]. Group 1: Transaction Details - The transaction is currently in the planning stage, and the valuation of Kaimiride has not yet been finalized as of the announcement date [1]. - The company is unable to determine whether this transaction constitutes a major asset restructuring or a related party transaction due to the lack of finalized details regarding the audit, evaluation, transaction amount, and the ratio of shares issued to cash payment [1][2]. - The company has signed a letter of intent with major shareholders of Kaimiride, agreeing to purchase the controlling stake based on an evaluation report from a qualified asset appraisal agency [3]. Group 2: Stock Suspension - To ensure fair information disclosure and protect investor interests, the company's stock will be suspended from trading starting October 28, 2025, for a period not exceeding 10 trading days [2]. - During the suspension, the company will fulfill its information disclosure obligations in accordance with relevant laws and regulations, and will announce the resumption of trading once the transaction details are confirmed [2].

胜利股份公告，公司正在筹划发行股份及支付现金购买由公司控股股东及其关联方控制的燃气类相关资 产并募集配套资金事项，交易标的包括由中油燃气投资集团有限公司持有的中油燃气（珠海横琴）有限 公司100%的股权、天达利通新能源（珠海）有限公司持有的天达胜通新能源（珠海）有限公司100%的 股权以及由中油中泰燃气投资集团有限公司持有的南通中油燃气有限责任公司51%的股权、青海中油甘 河工业园区燃气有限公司40%的股权，其中，天达胜通通过旗下子公司中油燃气（珠海）投资有限公司 间接控制甘河中油40%的股权及南通中油49%的股权，因此本次交易完成后公司将合计持有中油珠海 100%的股权、天达胜通100%的股权，合计控制甘河中油80%的股权、南通中油100%的股权。本次交易 构成关联交易，预计构成重大资产重组。公司证券自2025年10月28日开市起开始停牌。预计在不超过10 个交易日的时间内披露本次交易方案。 (本文来自第一财经) ...

南财智讯10月27日电，胜利股份公告，公司正在筹划发行股份及支付现金购买资产并募集配套资金暨关 联交易事项，预计构成重大资产重组。因有关事项尚存不确定性，为维护投资者利益，经公司申请，公 司证券自2025年10月28日开市起停牌。公司预计在不超过10个交易日内披露交易方案，即在2025年11月 11日前披露相关信息。若未能如期披露，公司证券最晚将于2025年11月11日开市起复牌并终止筹划相关 事项。本次交易尚处于筹划阶段，交易各方尚未签署正式协议，具体方案仍存在不确定性，且需经董事 会、股东会及监管机构审批，敬请投资者注意投资风险。 ...

Core Viewpoint - Qingdao Double Star (SZ000599) experienced a trading halt with a price of 6.33 yuan, marking a 9.95% increase, and a total market capitalization of 5.685 billion yuan, driven by significant asset restructuring and international expansion efforts [1][2]. Group 1: Company Developments - The company is advancing a major asset restructuring by acquiring a 45% stake in Jinhu Tire, which will enhance its international competitiveness and position it among the top 20 globally [2]. - The commencement of operations at the company's factory in Cambodia has led to an increase in overseas sales, which now account for 58.58% of total sales, indicating successful internationalization [2]. - Support from state-owned shareholders is evident as Double Star Group provides a loan guarantee of 3.3 billion yuan, ensuring financial backing for the company's growth [2]. Group 2: Industry Context - The tire industry is witnessing a positive trend, with a gradual recovery in the global economy boosting demand in the automotive sector, which is expected to increase tire market demand [2]. - Other tire-related stocks have also shown active performance recently, suggesting that Qingdao Double Star's price surge may be influenced by the overall industry sentiment [2]. Group 3: Financial Performance - Despite the positive developments, the company reported a net loss of 261 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 44%, indicating short-term financial challenges [2].

Core Viewpoint - The company is planning to acquire 100% equity of Hangzhou Gao Ye Jia You Hao Duo Mao Pet Food Co., Ltd. through a combination of issuing shares and cash payment, along with raising matching funds for this transaction [8][9]. Financial Data - The third quarter financial report has not been audited [3][7]. - The company has repurchased a total of 512,400 shares, accounting for 0.28% of the total share capital, with a total transaction amount of 10,389,041.00 yuan [6]. Shareholder Information - The company has not disclosed any changes in the top ten shareholders or any significant shareholders participating in the securities lending business [5]. Important Matters - The company held a board meeting on October 24, 2025, where it approved the proposal for the acquisition and fundraising plan [9][12]. - The board decided to postpone the shareholders' meeting to review the transaction until the relevant audit and evaluation work is completed [9][10]. Transaction Details - The transaction involves issuing shares and cash to acquire the target company, with the final transaction price yet to be determined [21][30]. - The shares to be issued will be ordinary shares (A-shares) with a par value of 1.00 yuan each [23][54]. - The issuance price is set at 25.00 yuan per share, which is not lower than 80% of the average trading price over the last 60 trading days prior to the board resolution announcement [34][58]. Fundraising Plan - The company plans to raise matching funds not exceeding 100% of the transaction price through a private placement of shares [61]. - The funds will be used for cash payments related to the transaction and associated fees [67]. Governance and Compliance - The board has confirmed that the transaction does not constitute a related party transaction and will not change the company's control or main business [83][87]. - The transaction is expected to comply with relevant regulations and will enhance the company's asset quality and operational capacity [91].

Core Viewpoint - The company, Visionox (维信诺), has decided to terminate its major asset restructuring plan, which involved acquiring a 40.91% stake in Hefei Visionox Technology Co., Ltd. and raising matching funds through a share issuance [1][3][5]. Group 1: Termination of Restructuring - On October 24, 2025, the company announced the decision to terminate the asset restructuring plan and has applied to withdraw the application documents from the Shenzhen Stock Exchange [1][5]. - The restructuring plan was initially proposed to enhance the company's core production capacity in the East China region, focusing on flexible AMOLED display panels [3][4]. Group 2: Reasons for Termination - The decision to terminate the transaction was made after careful consideration and communication with the transaction parties, taking into account the significant changes in the market environment since the initiation of the plan [5][6]. - The company emphasized that the termination will not adversely affect its main business operations, financial status, core technology development, or customer collaborations [6]. Group 3: Future Plans and Communication - Visionox plans to explore and strategize around deepening its display industry layout and optimizing its capital structure in the future [6]. - An investor briefing session is scheduled for October 28, 2025, to discuss the termination of the major asset restructuring and engage with investors [6]. - As of October 24, 2025, the company's total market capitalization was 12.334 billion yuan [7].

Core Viewpoint - The company, Visionox (维信诺), has decided to terminate its major asset restructuring plan, which involved acquiring a 40.91% stake in Hefei Visionox Technology Co., Ltd. and raising supporting funds through a share issuance [2][4][6]. Group 1: Termination of Restructuring - On October 24, 2025, the company announced the termination of the asset restructuring plan and applied to withdraw the application documents from the Shenzhen Stock Exchange [2][6]. - The restructuring plan was initially aimed at acquiring a significant stake in Hefei Visionox, which is a core production base for flexible AMOLED displays [4][6]. - The decision to terminate the restructuring was made after careful consideration of the prolonged transaction timeline and significant changes in the market environment since the plan's initiation [6][7]. Group 2: Background of the Restructuring - The company had been planning the acquisition since the end of 2022, with a formal acquisition proposal released on January 2, 2023, and further details provided in April 2023 [5]. - The transaction faced multiple adjustments due to changes in asset valuation and performance commitments, with the board making revisions in July 2024 and June 2025 [6]. Group 3: Future Plans and Communication - The company emphasized that the termination of the transaction would not adversely affect its main business operations, financial status, core technology development, or customer collaborations [7]. - Moving forward, the company plans to explore capital operations and development strategies focused on enhancing its display industry layout and optimizing its capital structure [7][8]. - An investor briefing is scheduled for October 28, 2025, to discuss the termination of the restructuring and engage with investors [8].

Core Viewpoint - The company has decided to terminate its major asset restructuring plan, which involved acquiring a 40.91% stake in Hefei Visionox Technology Co., Ltd. and raising matching funds through a share issuance [2][4][6]. Group 1: Termination of Major Asset Restructuring - On October 24, 2025, the company announced the decision to terminate the asset restructuring plan and requested the withdrawal of the application documents from the Shenzhen Stock Exchange [2][6]. - The initial plan was to acquire shares from Hefei Hefeng Investment Co., Ltd. and others, which was aimed at enhancing the company's core production capacity in the East China region [4][5]. - The restructuring process faced multiple adjustments due to changes in asset valuation and performance commitments, leading to a prolonged timeline and eventual termination of the deal [6][7]. Group 2: Company’s Current Status and Future Plans - The company stated that the termination of the transaction will not adversely affect its main business operations, financial status, core technology development, or customer collaborations [7]. - The company plans to explore future capital operations and development strategies focused on deepening its display industry layout and optimizing its capital structure [7]. - An investor briefing is scheduled for October 28, 2025, to discuss the termination of the major asset restructuring and engage with investors [7]. Group 3: Market Position - As of the close on October 24, 2025, the company's total market capitalization was 12.334 billion yuan [8].

Core Viewpoint - Meili Technology plans a significant asset restructuring by acquiring 100% of Hitched Holdings 3B.V. (HH3) through cash payment, which is expected to constitute a major asset reorganization [1][4]. Group 1: Acquisition Details - The acquisition will be conducted via Meili Technology's wholly-owned subsidiary, Meili Holding GmbH, purchasing HH3 from Hitched Holdings 2B.V. [4]. - The transaction aims to indirectly control ACPS Group, a German manufacturer of automotive towing systems, which has established long-term partnerships with major automotive brands such as Volkswagen, Mercedes-Benz, BMW, and Tesla [1][10]. Group 2: Market Opportunities - The acquisition is positioned to capture growth in both domestic and international towing hook markets, driven by the increasing market share of SUVs and the relaxation of domestic towing policies [10]. - Meili Technology aims to leverage ACPS Group's stable customer base to shorten market expansion timelines and reduce associated costs [10]. Group 3: Financial Performance of ACPS Group - ACPS Group has experienced fluctuating financial performance, with projected net profits of -5.21 million euros in 2023, -20.18 million euros in 2024, and a positive 0.74 million euros in the first half of 2025 [13]. - The group's net assets have been negative in recent years, with values of 10.63 million euros in 2023, -10.72 million euros in 2024, and -1.96 million euros in mid-2025 [13][14]. Group 4: Meili Technology's Financials - Meili Technology reported net profits of 40.70 million yuan in 2023, 107 million yuan in 2024, and 80.40 million yuan in the first half of 2025 [14]. - The company's net assets were 1.085 billion yuan at the end of 2023, projected to grow to 1.274 billion yuan by mid-2025 [15][16]. Group 5: Integration Risks - Post-acquisition, Meili Technology may face integration risks due to differences in legal, accounting, and cultural aspects, which could impact the expected performance of the combined business [17].