Longi Green Energy Terminates Overseas GDR Issuance Plan

Stock News12-09

1. **Longi Green Energy Technology Co., Ltd. (601012.SH)** announced on December 9 the termination of its plan to issue Global Depository Receipts (GDRs) and list on the Swiss Stock Exchange. The decision was made after comprehensive consideration of multiple factors and aligns with the company's current operational realities. Longi emphasized that its production and operations remain stable, and the termination will not significantly impact its business or sustainable development.

2. **B-ray Media (600880.SH)** disclosed plans to acquire a 51% stake in Meijing Technology for RMB 66.49 million to accelerate its digital and intelligent transformation in modern media and expand smart business layouts.

3. **Tianyuan Dic (300047.SZ)** reported that its chairman, Chen You, has been placed under留置 (a form of detention) by authorities. The company stated operations and management remain unaffected.

4. **Layn Natural Ingredients (002166.SZ)** announced a potential control权变更 (change of control) involving its major shareholder and a planned acquisition of at least 80% of Beijing Jinkangpu Food Technology. Trading will be suspended from December 10 for up to 10 trading days.

5. **Fosun Pharma (600196.SH)**’s subsidiaries signed an exclusive global licensing agreement with Pfizer for a GLP-1R agonist (YP05002), with upfront and milestone payments totaling up to $500 million.

6. **Yongmao Holdings (605208.SH)** plans to invest RMB 400 million in a智能 manufacturing project for magnesium-aluminum alloy automotive and robotics components to capture market opportunities.

7. **Huayi Group (600623.SH)**’s subsidiary Wanhao was ordered to halt production for environmental remediation, impacting近期 output. Wanhao reported RMB 779 million revenue but a net loss of RMB 41.24 million in Jan–Sep 2025.

8. **Boyuan Chemical (000683.SZ)** commenced trial production at its second-phase 1-million-ton soda ash project in Inner Mongolia, aiming to strengthen its natural soda ash business.

9. **Tiandi Tech (600582.SH)** will invest RMB 3.545 billion to establish a subsidiary for智能 coal mining equipment R&D, enhancing成套化 (integrated) and智能化 (smart) capabilities.

10. **Daye Special Steel (603278.SH)** clarified its minor (4.216%) stake in Jiangbei Aerospace, emphasizing limited financial impact despite recent market speculation linking it to commercial aerospace.

**Operational Updates**: - **Tangrenshen (002567.SZ)**: November hog sales fell 24.05% MoM to RMB 629 million. - **China Merchants Shekou (001979.SZ)**: November contracted sales reached RMB 14.09 billion. - **Zhengbang Tech (002157.SZ)**: Hog sales rose 8.55% MoM to RMB 741 million.

**Shareholder Actions**: - **HuiTai Medical (688617.SH)**: Proposed RMB 200–250 million buyback at ≤RMB 315/share. - **Jin Gu (002488.SZ)**: Plans RMB 30–60 million buyback for employee incentives.

**Major Contracts**: - **Baoil Intelligent (300836.SZ)**: Won RMB 27.5 million bids for industrial systems. - **Chongqing Construction (600939.SH)**: Joint venture secured a RMB 1.714 billion infrastructure project.

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