603580.CG
Two Consecutive Limit-Ups: Aiai Precision Clarifies That Neither the Company Nor Acquirer Shanghai Yusheng Is Involved in Indium Phosphide Business
Aiai Precision issued an announcement on abnormal stock trading fluctuations to clarify matters of market concern. The company stated that its main business is light conveyor belts and precision metal structural parts and electronic components, and that as of now there has been no material change in its main business. Neither the company, the acquirer Shanghai Yusheng, nor its controlling shareholder is involved in indium phosphide-related business. The announcement also said that as of now, Shanghai Yusheng, its controlling shareholder Guangxi Yusheng, and actual controller Yuan Yuan have no clear plan to sell, merge, form joint ventures, or cooperate with others regarding the assets and business of the listed company and its subsidiaries within the next 12 months, nor is there any clear restructuring plan for the listed company to purchase or swap assets.
603580.CG · Regulation · Neutral Company clarified in an exchange filing that neither it nor its acquirer is involved in indium phosphide business, cooling the speculative theme behind its two limit-ups.
Guangxi Yusheng · Regulation · Neutral Named as Shanghai Yusheng's controlling shareholder, stated to have no indium phosphide involvement and no plan to sell or restructure assets within 12 months.