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JiangSu Changling HydraulicLtd (SHSE:605389) Could Be Struggling To Allocate Capital
There's Reason For Concern Over JiangSu Changling Hydraulic Co.,Ltd's (SHSE:605389) Massive 27% Price Jump
Changling Hydraulic (605389.SH): currently has no involvement in the field of humanoid robots.
On February 19, Gelonghui reported that Changling Hydraulic (605389.SH) stated on the investor interaction platform that the Construction Machinery slewing reducers developed and produced by the company are mainly applied in aerial work platforms, AGV vehicles, AMR top-load transport vehicles, heavy flat transport vehicles, container cranes, and agricultural machinery, and they have not yet been involved in the humanoid robot field. The company values technological innovation and closely monitors the development of new technologies and trends.
Changling Hydraulic (605389.SH) has terminated the planning for the change of control and will resume trading from the market opening on January 15.
Changling Hydraulic (605389.SH) announces that as of the date of this announcement, due to the company's controlling Shareholder, actual controller...
Changling Hydraulic (605389.SH): The company's Stocks continue to be suspended, with the suspension expected to last no more than 1 Trade day.
On January 13, Gelonghui reported that Changling Hydraulic (605389.SH) announced that its controlling shareholder and actual controller, Mr. Xia Jifa, is currently negotiating the core terms of the transaction with the trading party, and all parties involved need to fulfill relevant internal approval procedures. The company expects that it will not be able to resume trading at the opening on January 14, 2025 (Tuesday). According to relevant regulations, after the company applied to the Shanghai Stock Exchange, the company's Stocks will continue to be suspended from trading starting from the opening on January 14, 2025 (Tuesday), and it is expected that the continued suspension will not exceed one trading day.
Express News | Jiangsu Changling Hydraulic Says Trading in Shares to Be Halted on Jan 13 Pending Statement Regarding Change of Control