Is the Zijiang Group's maneuvering of equity going through an indirect listing? Shanghai Welltech Automation hit the upper limit before the restructuring announcement | Quick read of the announcement.
① Shanghai Zijiang Enterprise Group and its controlling shareholder Shanghai Welltech Automation announced today that Shanghai Welltech Automation will purchase approximately 40% of the shares of Shanghai Zijiang New Material from Shanghai Zijiang Enterprise Group and Other shareholders, intending to obtain control; ② The actual controllers of Shanghai Zijiang Enterprise Group and Shanghai Welltech Automation are both Shen Wen, and the trade is simply a reshuffling within the Shanghai Zijiang Group; ③ Shanghai Welltech Automation's stock price hit the daily limit today, and Shanghai Zijiang Enterprise Group has previously had insiders punished for insider trading.
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Hangzhou Gaoxin Rubber & Plastic Materials plans to acquire a competing company. Frequent changes in executives have led to a significant decline in performance | Quick read of the announcement.
① Hangzhou Gaoxin is planning to acquire 51% of the shares of Sun Gaoxin by paying Cash for Assets. ② The company states that Sun Gaoxin has a high degree of synergy with the company's main Business, which is beneficial for enhancing the company's overall competitiveness. ③ Hangzhou Gaoxin has been operating poorly since 2019, with multiple losses reported.
A significant bullish announcement is coming! Which directions might be the core of capital's attention?
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Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
Huawei significantly increases investment in its subsidiary, Jimu siasun robot&automation company, as humanoid robots receive another major boost.
① Recently, Dongguan Jimu Machinery Co., Ltd. underwent a business change, with registered capital increasing from 0.87 billion yuan to 3.89 billion yuan, an increase of about 347%. Dongguan Jimu Machinery Co., Ltd. was established in June 2023 and is wholly owned by Huawei Technologies Co., Ltd. ② Shanghai securities analysis pointed out that the upstream of the industry has recently welcomed intensive catalysts, further accelerating the development of the siasun robot&automation industry chain.