Zhongyan Dadi Slips Over 20% in Two-Day Trading Alert on Planned Shenzhen Acquisition

Zhongyan Dadi said on July 24 that its share price had deviated by more than 20% over the two trading days of July 23 and July 24, meeting the criterion for abnormal stock trading. According to Jiemian News, the company is preparing to acquire 60% of Shenzhen Xinhuanyu Precision Technology Co. through a cash capital injection and equity transfer, and said the deal is not expected to constitute a major asset restructuring.