要约收购完成。 上纬新材(688585)10月29日晚间公告，截至2025年10月28日，上海智元恒岳科技合伙企业(有限合伙)(简 称"智元恒岳")要约收购公司股份期限届满。 | 证券代 | 证券简称 | 停复牌类型 | 停牌起始 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 码 | | | H | 期间 | | | | 688585 | 上纬新材 | A 股 复牌 | 2025/10/29 | 全大 | 2025/10/29 | 2025/10/30 | 根据中登公司上海分公司提供的数据统计，本次要约收购期限内，预受要约的股东账户总数为22户，预 受要约股份总数为1.36亿股，占上市公司股份总数的33.6332%。本次要约收购完成后，智元恒岳持有公 司58.6232%股份，智元恒岳及其一致行动人共计持有公司63.6232%股份。 根据《中华人民共和国证券法》《上海证券交易所科创板股票上市规则》等相关规定，本次要约收购完 成后，公司股权分布仍符合上市条件，上市地位不受影响。 上纬新材表示，本次要约收购期限已届满，且要约收购 ...

根据中登公司上海分公司提供的数据统计，本次要约收购期限内，预受要约的股东账户总数为22户，预 受要约股份总数为1.36亿股，占上市公司股份总数的33.6332%。收购人智元恒岳将按照要约收购约定的 条件购买上述股份，过户手续根据相关规定办理。 本次要约收购完成后，智元恒岳持有公司58.6232%股份，智元恒岳及其一致行动人共计持有公司 63.6232%股份。 10月29日晚，上纬新材公告，截至2025年10月28日，上海智元恒岳科技合伙企业（有限合伙）要约收购 公司股份期限届满。 | 证券代 | 证券简称 | 停复牌类型 | 停牌起始 | 停牌 停牌终止日 | 复問日 | | --- | --- | --- | --- | --- | --- | | 码 | | | | 期间 | | | 688585 | 上纬新材 | A 股 复牌 2025/10/29 | | 全天 2025/10/29 | 2025/10/30 | 今年7月以来，上纬新材股价一路走高，截至发稿，上纬新材年内涨幅仍高达1531%。 上纬新材表示，本次要约收购期限已届满且要约收购结果已确认，经向上交所申请，公司股票自10月30 日（星期四）开 ...

10月29日晚，上纬新材公告，截至2025年10月28日，上海智元恒岳科技合伙企业（有限合伙）要约 收购公司股份期限届满。 根据中登公司上海分公司提供的数据统计，本次要约收购期限内，预受要约的股东账户总数为22户， 预受要约股份总数为1.36亿股，占上市公司股份总数的33.6332%。收购人智元恒岳将按照要约收购 约定的条件购买上述股份，过户手续根据相关规定办理。 本次要约收购完成后，智元恒岳持有公司58.6232%股份，智元恒岳及其一致行动人共计持有公司 63.6232%股份。 | | ◀ 2025-01-02鬥▶ - 《2025-10-29鬥》 (198日) | | | --- | --- | --- | | 涨跌幅 | 1531.43% 年化收益率 | 3296.40% | | 行/对比② | 33.14% 最大回撤 ② | -39.43% | | 涨 跌 | 101.58 开盘价 | 6.64 | | 收盘价 | 108.21 最高价 | 132.10 | | 均价 | 64.46 最低价 | 5.84 | | 振幅 | 1903.61% 阳 线 | ਰੇਤ | | 成交额 | 727.33亿 阴 线 ...

上纬新材公告，因智元恒岳要约收购，公司股票自2025年10月30日起复牌。本次要约收购期限内，预受 要约的股东账户总数为22户，预受要约股份总数为1.36亿股，占上市公司股份总数的33.6332%。要约收 购价格为7.78元/股，预定要约收购股份数量为1.49亿股，占上市公司总股本的37.00%。要约收购完成 后，收购人及其一致行动人共计持有上纬新材2.57亿股股份，占上市公司总股本的63.6232%。 ...

Core Points - The tender offer for Shandong Shunhua New Materials Co., Ltd. (688585.SH) has expired, leading to a one-day suspension of the company's stock trading on October 29, 2025 [2] - Shanghai Zhiyuan Hengyue Technology Partnership (Limited Partnership) has made a partial tender offer for 149 million shares, representing 37.00% of the total share capital, at a price of 7.78 yuan per share [2] - The tender offer period was from September 29, 2025, to October 28, 2025, and the company will resume trading on the day the results of the tender offer are announced [2] Company Information - As of the market close on October 28, 2025, the stock price of Shandong Shunhua New Materials was 108.21 yuan per share, with a total market capitalization of 43.648 billion yuan [2] - The company will closely monitor the progress of the tender offer during the suspension period and fulfill its information disclosure obligations as required [2]

Core Points - The tender offer for the acquisition of Shangwei New Materials has expired, leading to a one-day suspension of the company's stock trading on October 29, 2025 [1] - The acquirer, Zhiyuan Hengyue, aimed to purchase 149 million shares, representing 37.00% of the total share capital, at a price of 7.78 yuan per share [1] - The tender offer period lasted from September 29, 2025, to October 28, 2025, and the company will resume trading on the day the acquisition results are announced [1] Company Information - As of the market close on October 28, 2025, Shangwei New Materials' stock was priced at 108.21 yuan per share, with a total market capitalization of 43.648 billion yuan [1] - The company will closely monitor the progress of the tender offer during the suspension period and fulfill its information disclosure obligations as required [1]

New Stock Issuance - Fengbei Bio (证券代码: 732334) issued at a price of 24.49 on 2025/10/27[1] - The offer period for the acquisition of Shangwei New Materials (证券代码: 688585) is from 2025/09/29 to 2025/10/28[1] Market Alerts - Significant abnormal fluctuations reported for *ST Yuancheng (证券代码: 603388) on 2025/10/24[1] - Other companies with abnormal fluctuations include *ST Wanfang (证券代码: 000638) and ST Lingnan (证券代码: 002717) on 2025/10/27[1] Recent Announcements - Multiple companies including Tianpu Co. (证券代码: 605255) and Chang Aluminum (证券代码: 002160) have recent announcements dated 2025/10/27[1] - The latest announcements can be accessed through the provided links for detailed information[1]

Core Viewpoint - Tianpu Co., Ltd. (605255) experienced significant stock price fluctuations, with a recent surge leading to a closing price of 92.18 CNY per share on October 22, 2025, following a period of consecutive trading limits and subsequent declines [1][3] Stock Performance - The stock price increased by 246.02% from August 22 to October 22, 2025 [3] - The stock exhibited a daily trading range of 9.16% and a turnover rate of 6.36% on October 22, with an external turnover rate of 25.44%, indicating potential irrational speculation [3] - The stock's price-to-earnings ratio (P/E) reached 399.97, and the price-to-book ratio (P/B) was 15.29, both significantly higher than industry averages of 32.03 for P/E and 3.37 for P/B [5] Company Background - Tianpu Co., Ltd. specializes in high polymer fluid pipeline systems and sealing system components for traditional gasoline vehicles [4] - Recent stock price volatility is attributed to expectations of a change in control due to a takeover bid from Zhonghao Xinying Technology Co., Ltd. [4] Insider Trading and Control - Four insiders engaged in stock trading between February 14 and August 14, 2025, but their transactions occurred before the formation of insider information, thus not constituting insider trading [5] - The controlling shareholder, Zhejiang Tianpu Holdings Co., Ltd., holds 75% of the total shares, indicating a small external float which may lead to speculative trading risks [5] Regulatory Monitoring - The stock has triggered abnormal trading fluctuations eight times and severe fluctuations twice since August 22, 2025, prompting 14 risk warning announcements [6] - The Shanghai Stock Exchange has placed the stock under close monitoring due to abnormal trading behaviors that may mislead investors [6]

Core Viewpoint - Tianpu Co., Ltd. (605255) experienced significant stock price fluctuations, with a notable increase of 246.02% from August 22 to October 22, 2025, leading to concerns about irrational speculation and potential trading risks [4][7]. Stock Performance - The stock price reached a closing price of 92.18 CNY per share on October 22, 2025, after a period of volatility, including a 15-day trading halt from August 22 to September 23, followed by a 4-day decline from October 16 to 21 [1][3]. - The stock exhibited a daily trading amplitude of 9.16% and a turnover rate of 6.36% on October 22, with an external turnover rate of 25.44%, significantly higher than the average rates of the previous five trading days [4]. Trading Risks - Tianpu Co., Ltd. issued a risk warning due to the high turnover rates and significant price deviations from the company's fundamentals, indicating a potential for rapid price declines [4][7]. - The company has faced 14 instances of abnormal trading fluctuations and has been under close monitoring by the Shanghai Stock Exchange due to irregular trading behaviors [8]. Company Background - Tianpu Co., Ltd. specializes in high polymer fluid pipeline systems and sealing system components primarily for traditional fuel vehicle manufacturing [5]. - The recent stock price movements are attributed to expectations surrounding a potential change in control due to a takeover bid from Zhonghao Xinying Technology Co., Ltd., although Tianpu confirmed no immediate plans for significant business changes or asset restructuring [5][7]. Shareholding Structure - As of October 22, 2025, Tianpu Co., Ltd. has a total share capital of 134 million shares, with the controlling shareholder holding 75% of the shares, indicating a limited free float and increased risk of speculative trading [7]. - The company's current price-to-earnings ratio stands at 399.97, and the price-to-book ratio is 15.29, both significantly above industry averages of 32.03 and 3.37, respectively [7].

Core Viewpoint - Shengjing Bank, once a model city commercial bank in Northeast China, announced its delisting from the Hong Kong Stock Exchange, effective November 20, 2025, following the acceptance of its buyout offer [2][3]. Group 1: Delisting Announcement - Shengjing Bank submitted a delisting application to the Hong Kong Stock Exchange, which has been approved, contingent upon the buyout offer becoming unconditional [3]. - As of October 21, 2025, 2.241 billion H-shares have accepted the buyout offer, representing approximately 99.69% of independent H-share holders, 95.74% of issued H-shares, and 25.48% of total issued shares [3][4]. - The last trading day for H-shares is expected to be November 13, 2025, with the delisting effective on November 20, 2025 [3]. Group 2: Buyout Offer Details - Shengjing Jin控 proposed an initial buyout offer of HKD 1.32 per H-share and HKD 1.20 per domestic share, totaling approximately HKD 6.652 billion [4]. - The buyout offer was later increased to HKD 1.60 per H-share (a premium of 40.35%) and HKD 1.45 per domestic share, raising the total offer to approximately HKD 8.344 billion [4]. - The rationale for the price increase was to provide greater financial incentives for shareholder acceptance and enhance the likelihood of a successful buyout [4]. Group 3: Reasons for Delisting - The bank cited two main reasons for the delisting: providing shareholders with better investment realization opportunities and optimizing resource allocation [5]. - Despite a 30.05% increase in the Hang Seng Index and a 28.39% increase in the Hang Seng Mainland Bank Index, Shengjing Bank's stock price declined by 4.20% during the same period [4][5]. - The average daily trading volume of Shengjing Bank's H-shares was extremely low, at approximately 0.0025%, 0.0345%, and 0.0196% over the last 90, 180, and 360 trading days, respectively, limiting its ability to effectively raise capital [5]. Group 4: Financial Performance - Shengjing Bank's revenue decreased from a peak of 21.002 billion in 2019 to 8.577 billion in 2024, while net profit fell from a peak of 7.580 billion in 2017 to 0.621 billion in 2024, with significant declines in 2020 and 2021 [5]. - In the first half of 2025, the bank reported revenue of 4.326 billion, a year-on-year decline of 5.1%, and a net profit of 0.494 billion, down 14.4% year-on-year [5]. Group 5: Shareholding Structure - As of August 26, 2025, the top five shareholders of Shengjing Bank's domestic shares include Shengjing Jin控 (20.79%), Shenyang Hengxin (5.46%), and others, indicating a concentrated ownership structure [6].