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Express News | Nearly 20 A-share listed companies disclosed new announcements on mergers and acquisitions this week; Tuojing Technology plans to acquire a controlling stake in Wuxi Shangji Semiconductor, and its shares will resume trading next Monday.
Market Leader Hits 20% Daily Limit Up; List of A-Share Companies Disclosing M&A Progress This Week
① According to incomplete statistics, a total of 18 A-share listed companies disclosed updates on mergers and acquisitions or restructuring activities this week (see attached table); ② As of Friday’s market close, Hailanxin and Guolin Technology surged by 20% (the daily trading limit for ChiNext stocks), while Shikong Technology hit the daily trading limit.
Research Report Insights | Wanlian Securities: Maintains “Buy” rating on Lingnan Holdings, driven by dual engines of “travel agency + hotels”
Wanlian Securities' research report noted that Lingnan Holdings plans to acquire Guangdian Chengfu to strengthen its urban services segment and upgrade its strategic positioning. The company operates under a dual-driver model of 'travel agency + hotels,' leveraging Guangzhi Travel's deep expertise in outbound tourism and senior customer segments, with a product portfolio precisely aligned with market demand. Its asset-light hotel management model continues to expand, supported by expectations of injecting metropolitan hotel assets. The company’s cultural tourism industry chain covers all key elements—'food, accommodation, transportation, sightseeing, shopping, and entertainment'—generating significant synergies. The opening of its duty-free store in Guangzhou further extends its consumer engagement scenarios. As this acquisition transaction remains subject to multiple decision-making and approval procedures, there is a risk that it may be suspended, terminated, canceled, or not approved.
BOCI: Summer travel peak season arrives; monitor performance of the travel-related industrial chain
The recovery of the cross-border travel market is expected to drive the rebound of airport duty-free sales and accelerate the introduction of new urban duty-free policies.
A-share Market Close: ChiNext Index fell 1.7%, with over 3,700 stocks declining across the market! The new energy industry chain saw broad-based declines.
Gelonghui, July 8 — China's A-share market saw its three major indices decline amid volatility. As of the close, the Shanghai Composite Index fell 0.49% to 3,970.88 points, the Shenzhen Component Index dropped 1.87%, the ChiNext Price Index declined 1.7%, the Beijing Stock Exchange 50 Index fell 2.59%, and the STAR 50 Index rose 0.73%. Total market turnover amounted to RMB 2.5826 trillion, down RMB 15.9 billion from the previous trading day, with more than 3,700 individual stocks closing lower. In sector performance, cloud computing stocks surged, with Sangfor Technologies and NSFOCUS both hitting the 20% daily trading limit. This follows Morgan Stanley’s earlier forecast that capital would rotate from semiconductor stocks into hyperscale data center operators. Meanwhile, the rebound in international oil prices boosted oil and gas exploration and services stocks.
Express News | The A-share tourism and hotel sector opened higher, with Lingnan Holdings surging by the daily trading limit, followed by gains in Tibet Tourism, Tianfu Cultural Tourism, Xiyu Tourism, and Shaanxi Tourism. On the news front, the State Council has in princ