On the evening of June 23, a total of 43 A-share companies issued announcements regarding abnormal stock price fluctuations or trading risks. The list includes *ST Chuntian, Aidite, Changjiang Securities, Haixin Co., Ltd., Huawang Technology, Bomesc, Huanghe Whirlwind, *ST Weiling, Black Cat Carbon Black, Jiangxi Tungsten Rare And Precious Equipment Co.,Ltd. (600397), Sanxiang Advanced Materials, Chunde Technology, Dayuan Pump, GRINM Advanced Materials, Changyuan Donggu, Hengsheng Energy, Fengyuan Co., Ltd., Tefa Information, Power Diamond, Chunhui Intelligent Control, ST Dongni, Changyu Group, Jintou Chengkai, Yitang Co., Ltd., Xuguang Electronics, Mingdiao Co., Ltd., Liuguo Chemical, New Dazhou A, Sanfu Co., Ltd., Landi Information, Orient Zirconium, Suqian Liansheng, Zhuye Group, Changjiang Communication, Jietai Biological, Zhenghe Ecology, Yinzhi, Changfei Optical Fiber, Dongjiang Environmental Protection, Litong Electronics, Huate Gas, Changrun Co., Ltd., and Hongdou Co., Ltd.
In recent times, A-share companies have frequently issued collective risk warnings. Just on June 22, 46 A-share firms had issued similar alerts.
Focus on a Major High-Flier
The high-flying stock Jiangxi Tungsten Rare And Precious Equipment Co.,Ltd. (600397), which has surged over 13-fold, announced on the evening of the 23rd. The company stated that in response to media reports suggesting it might consider injecting mining assets, a self-inspection revealed no such plans or activities are in place. The company's current primary business remains the research, development, production, and sale of magnetic separation equipment, with no change to its core operations.
Jiangxi Tungsten Rare And Precious Equipment Co.,Ltd. indicated it had previously disclosed plans for a private placement of A-shares to specific investors in 2026. The company intends to issue shares to no more than 35 qualified specific investors, including its controlling shareholder, Jiangxi Tungsten Holding. The number of shares to be issued will not exceed 30% of the total share capital prior to the placement, amounting to no more than 297 million shares, with a total fundraising target of up to 1.9 billion yuan. After deducting issuance costs, the funds will be used to acquire 100% equity in Jiangxi Jiangwu Hard Alloy Co., Ltd., Ganzhou Huamao Tungsten Materials Co., Ltd., and Jiujiang Nonferrous Metals Smelting Co., Ltd. (collectively referred to as the "target companies").
The company noted that following the disclosure of these matters, its stock price has experienced significant increases on multiple occasions since June 15, triggering abnormal trading volatility as defined by the Shanghai Stock Exchange Trading Rules. Given the substantial short-term fluctuations in its stock price recently, the company advises investors to be mindful of investment risks.
In the secondary market, the stock price of Jiangxi Tungsten Rare And Precious Equipment Co.,Ltd. has hit the daily upside limit for five consecutive trading sessions. Since mid-July 2024, the company's share price has accumulated a staggering increase of approximately 1300%.
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