Today's key developments.
Konka Group Co.,Ltd. (000016.SZ) announced that it has received the Shenzhen Stock Exchange's decision approving the voluntary delisting of the company's shares, with both A-shares and B-shares scheduled to be delisted on October 23, 2026. The company must ensure that its shares are transferred to the delisting board managed by the National Equities Exchange and Quotations within 45 trading days after delisting.
Tianjin Port (600717.SH) announced plans to acquire 100% equity in Tianjin Port Second Container Terminal Co., Ltd. and 100% equity in Tianjin Port Huisheng Wharf Co., Ltd. from its controlling shareholder Tianjin Port Group through share issuance, with a total transaction consideration of RMB 6,223,719,600, to be paid entirely through share issuance. The transaction constitutes a related-party transaction but is not expected to constitute a major asset restructuring, and still requires approval from the Shanghai Stock Exchange and registration consent from the China Securities Regulatory Commission.
Zijin Mining Group Company Limited (601899.SH) announced that through its wholly-owned subsidiary, combined with the 18,833,400 shares it already held prior to this transaction, the company now holds a total of 571,661,877 shares of Chifeng Jilong Gold Mining Group Limited (600988.SH), representing 25.85% of its total share capital, thereby obtaining control of Chifeng Gold. The company stated that this transaction will effectively enhance its gold resource reserves and increase its gold production scale.
JCET Group (600584.SH) announced that the State-owned Assets Supervision and Administration Commission of the State Council has approved in principle the company's 2026 plan to issue no more than 127,877,237 A-shares to specific targets and raise no more than RMB 6.5 billion. The issuance still requires approval from the company's shareholders' meeting, the Shanghai Stock Exchange, and registration consent from the China Securities Regulatory Commission before it can be implemented.
*ST Zhuoran (688121.SH) announced that its stock closed at RMB 0.54 per share with a total market capitalization of RMB 126 million, and has been below RMB 300 million for 16 consecutive trading days. Even if the stock hits the daily limit up for the next 4 consecutive trading days, it will still trigger mandatory delisting due to market capitalization remaining below RMB 300 million for 20 consecutive trading days. The company is also under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, which could trigger mandatory delisting for major violations.
Zhen'an Technology (300767.SZ) announced that it has signed an acquisition intention agreement with the counterparty to purchase no less than 51% equity in Shenzhen Sanwei Mechanical and Electrical Equipment Co., Ltd. through cash payment. This transaction is expected to constitute a major asset restructuring, does not involve share issuance, and does not constitute a related-party transaction. The agreement is an intention agreement, and the specific transaction plan shall be subject to the formal agreement.
Operating Results
Nanjing Iron & Steel (600282.SH) announced that its third-quarter revenue was RMB 16.746 billion, up 16.79% year-on-year, while net profit attributable to shareholders was RMB 477 million, down 33.18% year-on-year.
China Telecom (601728.SH) announced that its mobile subscriber count for the quarter was 445.27 million, with a net increase of 2.84 million for the quarter. Its 5G network subscriber count was 330.39 million, with a net increase of 7.89 million.
Buybacks & Shareholding Changes
China CAMC Engineering (002051.SZ) announced plans to repurchase shares for RMB 50 million to RMB 100 million, all of which will be cancelled. The repurchase price shall not exceed RMB 13.03 per share, with funds coming from its own capital and a special loan for share repurchases.
CMST Development (600787.SH) announced that its controlling shareholder CMST Group has cumulatively increased its holdings by RMB 60.2025 million, with the total shareholding ratio rising to 49.00%. CMST Group increased its holdings by 13,538,616 shares, representing 0.62% of total share capital.
Baiao Chemical (603360.SH) announced that shareholder Guangyao Zhixin, which holds more than 5%, had a portion of its shares judicially forced-sold, reducing its shareholding to 25.00%. The forced-sold shares represented 0.33% of total share capital.
Amoytop Biotech (688278.SH) announced that its actual controller and persons acting in concert have committed not to reduce their shareholdings within 5 years. The committing parties collectively hold 44.61% of shares, with the commitment period extending to October 21, 2031.
Other Announcements
Zhongyida (600610.SH) announced that its wholly-owned subsidiary Chifeng Ruiyang Chemical Co., Ltd. received a government subsidy of RMB 8 million, of which RMB 870,000 is an asset-related government subsidy, accounting for 0.72% of the company's audited net assets attributable to shareholders of the listed company for the most recent fiscal year; and RMB 7.13 million is an income-related government subsidy, accounting for 14.06% of the company's audited net profit attributable to shareholders of the listed company for the most recent fiscal year.
Zhaojin Gold (000506.SZ) announced that the equity structure of its controlling shareholder Zhaojin Ruining is proposed to change. Zhaojin Group will acquire a 20% equity interest in Zhaojin Ruining held by Ransheng Shengtong, and the Zhaoyuan Municipal People's Government will remain the company's actual controller.
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