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The Shanghai Composite Index rose amid volatility, innovative pharmaceutical stocks surged, AI application-related shares rallied across the board, and the Hang Seng Tech Index gained 2% intraday, with tech and internet stocks broadly rebounding.
In early trading, glass substrate-related stocks rebounded with volatility. YAMATON and Sanxia New Materials hit their daily trading limits, followed by gains in Longteng Optoelectronics, Rainbow Holdings, Medik, and Qibin Group. Innovative pharmaceutical stocks also saw a volatile rebound, with Medicilon surging over 12%. Earlier, Harbin Pharmaceutical Group reached its daily limit, and other gainers included Frontier Biotech, Lufine Pharmaceutical, Inosource, W&B Pharma, Sunshine Nuohe, Tianjin Medicinal, and Sinovac Biotech.
Yamaten (002623.SZ): Proposed Internal Transfer of Subsidiary Equity
Gelonghui, May 26 — YAMATON (002623.SZ) announced that, in order to further optimize the company's management structure and enhance operational efficiency and managerial effectiveness, its wholly owned subsidiary, Gui’an Xinqu YAMATON Optoelectronic Materials Co., Ltd. ("Gui’an YAMATON"), intends to transfer its 30% equity interest in Qianxinan Zhou Yilong YAMATON New Energy Co., Ltd. ("Yilong YAMATON" or the "Target Company") to another wholly owned subsidiary, Jiangsu YAMATON Power Investment Co., Ltd. ("YAMATON Power Investment"), at a transfer price of RMB 29,831,115.91. Upon completion of the transfer, YAMATON Power Investment will directly
Express News | Photovoltaic concept strengthened at the opening of trading, with several stocks including GCL Integrated Energy hitting the upper limit.
Express News | Space-based photovoltaic concept stocks saw early trading activity, with Liancheng CNC rising more than 9%.
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