Following a surge that saw its stock price hit the daily limit-up, Sichuan Swellfun Co.,Ltd. (600779) issued a clarification announcement late at night.
On the evening of December 25, Sichuan Swellfun released an announcement stating that the company had taken note of media reports suggesting that "a certain liquor company intends to acquire Sichuan Swellfun." To prevent related market rumors from misleading the public and investors, the company issued this clarification. According to the company's verification, the aforementioned reports are untrue. The company advised investors to invest rationally and pay attention to risks. Earlier that afternoon, liquor stocks experienced unusual activity, with Sichuan Swellfun's share price soaring in a straight line to hit the daily limit-up. It closed at 39.8 yuan, giving the company a total market capitalization of 19.4 billion yuan.
Public information shows that Sichuan Swellfun's main business is the production and sales of liquor products. Currently, the company owns two major brands: "Swellfun" and "First Cellar." The "Swellfun" brand includes products such as the Swellfun Jingtai series, Swellfun Jingtai Collection (Dragon & Phoenix), and Swellfun Zhenniang Eight; the "First Cellar" brand includes products like Yuan Ming Qing and First Cellar. The company has also launched products including Tianhao Chen, Xiao Shuijing, and Shuijing Fu to precisely meet the differentiated needs of various consumer groups. Among these, First Cellar, Swellfun Jingtai, and Swellfun Zhenniang Eight are the company's core products. It is reported that "Swellfun" is a well-known premium liquor brand in China.
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