Xiangyuan Group Clarifies Shareholder Rumors; Metax Integrated Circuits' Lottery Rate Hits 0.03348913%

Deep News12-07

**Clarification on Market Rumors** Xiangyuan Culture & Tourism (600576.SH) responded to online reports regarding overdue payments of financial products guaranteed by its indirect controlling shareholder, Xiangyuan Holdings, and its actual controller. The company confirmed that the financial products in question are unrelated to Xiangyuan Culture & Tourism or its subsidiaries, and the firm bears no repayment or guarantee obligations. Operations remain normal.

Similarly, Jiangsu Expressway Construction (603815.SH) stated that overdue payments involving financial products guaranteed by its controlling shareholder, Xiangyuan Holdings, are under negotiation. The company emphasized no involvement or obligations, with business operations unaffected.

**Changes in Control** Annie Holdings (002235.SZ) announced its controlling shareholders, Lin Xuxi and Zhang Jie, signed share transfer agreements with Shengshi Tianan. Zhang Jie also entered a voting rights waiver agreement. The duo plans to transfer 14.95% and 0.97% stakes, respectively, at ¥8.3610 per share, totaling ¥772 million.

Meanwhile, ST Tianrui (300165.SZ) disclosed the termination of its control transfer plan due to failed negotiations. Guao Technology (300551.SZ) revealed its actual controller, Chen Chongjun, is considering a control shift that may alter ownership.

**Regulatory Penalties** First Capital (002797.SZ) subsidiary, First Capital Investment Bank, received a penalty notice from the CSRC’s Jiangsu bureau for inadequate supervision during Hongda Xingye’s 2019 convertible bond project. The subsidiary faces corrective orders, a warning, confiscation of ¥4.2453 million in fees, and a ¥12.7358 million fine. Sponsors Fan Benyuan and Song Yao were fined ¥1.5 million each.

PICC (601319.SH) reported its vice president, Yu Ze, is under disciplinary investigation for alleged severe violations, per the Central Commission for Discipline Inspection’s December 6 disclosure.

**IPO Update** Metax Integrated Circuits (Shanghai) Co., Ltd. (688802.SH) disclosed post-allotment details: 22.829 million shares (70.26% of the offering) were allocated offline, while 9.6655 million shares (29.74%) were issued online, with a final lottery rate of 0.03348913%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment