Swellfun Hits Limit-Up in Afternoon Session Amid Rumors of Jiannanchun Acquisition

Deep News2025-12-25

In afternoon trading on December 25, the A-share liquor sector experienced volatile gains, with Sichuan Swellfun Co., Ltd. surging to its daily limit-up. The stock closed at 39.80 yuan per share, drawing significant investor attention. Market speculation emerged suggesting that Jiannanchun might be planning to acquire Swellfun.

Reporters from the Daily Economic News contacted representatives from both Swellfun and Jiannanchun regarding the matter. Both companies responded that they had not received any information concerning such an acquisition. A follow-up call was made to Swellfun’s public contact number by a reporter posing as an investor. The company representative stated they were unaware of the rumors and confirmed that current production and operations remain normal.

Beyond Swellfun, the broader liquor sector saw widespread gains during the session. Leading distillers such as Wuliangye, Shanxi Xinghuacun Fen Wine, and Anhui Gujing Gongjiu all rose by more than 1%. Huangtai Wine Industry jumped over 4%, while Jiugui Liquor and Jinhuijiu both advanced by approximately 3%.

A securities analyst commented that the sector-wide rally may be linked to year-end capital rotation among investors.

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