On December 25th, rumors emerged suggesting that Jiannanchun intends to acquire Sichuan Swellfun Co.,Ltd. (Swellfun). By market close, Swellfun's share price had surged to the daily limit, closing at 39.80 yuan per share. Sina Finance reached out to Jiannanchun for comment, but no response had been received by the time of publication.
Reports indicate that representatives from both Jiannanchun and Swellfun stated they had not received any information regarding an acquisition. Swellfun's investor relations department also claimed to be unaware of the rumors, emphasizing that the company's current production and operations remain entirely normal.
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