A Surge in M&A and Restructuring Activities in the A-Share Market! List of Companies …

① According to incomplete statistics, a total of 21 A-share listed companies disclosed progress on mergers and acquisitions this week (see appendix); ② After Puyan Shares, *ST Nanzhi, and Ancai Hi-Tech announced their merger and acquisition plans, their share prices all closed with limit-up gains the following day.Cailian Press reported on September 21 (edited by Ruoyu) that mergers and acquisitions in the A-share market remained active. According to incomplete statistics from Cailian Press as of press time, a total of 21 A-share listed companies disclosed progress on mergers and acquisitions this week, including Xiangrikui, Western Materials, Haichang New Materials, Lu Kang Pharmaceutical, Qin’an Shares, Anhui Heli, *ST Nanzhi, Changrong Shares, Hengwei Technology, Jieqiang Equipment, Suzhou Planning, Guang’an Aizhong, Ancai Hi-Tech, Chuanyuan Telecom Science, United Precision, Puyan Shares, Amlogic Holdings, Shanglian Electronics, Longjian Shares, New Grand Central, and Yinhe Magnetics. The details are shown in the figure below:Among them, Puyan Shares, one of China’s major memory chip suppliers, announced its merger and acquisition plan on Monday, and its share price achieved a 20% limit-up gain at Tuesday’s close. Puyan Shares stated in its announcement that it is planning to acquire a controlling stake in its investee company, Zhuhai Noah Changtian Storage Technology Co., Ltd., in cash. It is expected to take control of the target company, thereby indirectly holding a controlling stake in SkyHigh Memory Limited. The target company holds 100% of SHM’s shares. SHM is a semiconductor enterprise registered in Hong Kong, focusing on providing high-performance 2D NAND and derivative memory (SLC NAND, eMMC, MCP) products and solutions for mid-to-high-end applications. Its core competitiveness lies in firmware algorithm development, memory chip testing solutions, integrated packaging design, and customized memory products.*ST Nanzhi, a comprehensive property development enterprise guided by commercial real estate, announced a major asset restructuring plan on Wednesday, and its share price closed with two consecutive limit-up gains on Thursday. *ST Nanzhi released a draft of its asset restructuring report, proposing to transfer assets and liabilities related to real estate development and leasing businesses to Shanghai Longlin Property Co., Ltd., a wholly-owned subsidiary of its controlling shareholder, China Power Construction Real Estate Group Co., Ltd., for a transaction amount of only RMB 1. The transaction targets include 17 equity assets related to real estate development and leasing businesses, relevant receivables, and other assets and debts related to real estate development and leasing businesses. The assessed value of the transaction targets is -RMB 2.934 billion. *ST Nanzhi stated that through this restructuring, the company intends to dispose of its assets and liabilities related to real estate development and leasing businesses. In the future, it will further focus on light-asset businesses such as commercial operations and industrial operations in urban operations, achieving a strategic transformation into a comprehensive urban operation service provider.Ancai Hi-Tech, the second company in China to mass-produce photothermal glass, announced its equity acquisition plan on Tuesday, and its share price closed with a limit-up gain on Wednesday. Ancai Hi-Tech announced that it plans to acquire 100% of Henan High-Purity Minerals Co., Ltd., held by Luoning Zhongtianli, through a non-public agreement transfer method, with a transaction price of RMB 15.0112 million. Luoning Zhongtianli is an indirectly controlled enterprise of the company’s controlling shareholder, Henan Investment Group Co., Ltd., and this transaction constitutes a related-party transaction. Henan High-Purity Minerals focuses on the production and sales of high-purity minerals, targeting the demand for high-purity quartz materials in industries such as semiconductors, photovoltaics, and fiber optic communications. Additionally, in March this year, Henan Ancai Semiconductor Co., Ltd., a subsidiary of Ancai Hi-Tech, planned to sign a procurement agreement with Henan High-Purity Minerals to purchase high-purity quartz sand materials, with an estimated amount of RMB 15 million (actual incurred amount from January to August this year was zero).In addition, according to incomplete statistics, listed companies that disclosed progress on mergers and acquisitions this week and suspended trading include Hengwei Technology, Chuanyuan Telecom Science, New Grand Central, and Yinhe Magnetics.Hengwei Technology announced on Tuesday that it is planning to purchase 75% of the shares of Shanghai Shuhe Information Technology Co., Ltd., through issuing shares and paying cash, while also proposing to issue shares to raise supporting funds. Upon completion of this transaction, Shuhe Technology will become a controlling subsidiary of the company. The company’s shares have been suspended from trading starting September 17, 2025, and the suspension period is expected to last no more than 10 trading days. Chuanyuan Telecom Science announced on Monday that the company plans to acquire 100% of MicroSky Guidance through issuing shares and paying cash, along with raising supporting funds. To ensure fair information disclosure and protect investors’ interests, the company’s shares have been suspended from trading starting September 16, 2025, and are expected to resume trading before September 30, 2025.New Grand Central announced on Monday that it is planning to issue shares and pay cash to purchase no less than 51% of the equity in Jiaxin Liheng Facilities Management (Shanghai) Co., Ltd., along with raising supporting funds. This transaction is expected to constitute a major asset restructuring. The company’s shares have been suspended from trading starting September 15, 2025, and the company expects to disclose the transaction plan within 10 trading days. Yinhe Magnetics announced at noon on Monday that it plans to issue shares and pay cash to purchase 100% of the equity in Sichuan Jingdu Longtai Technology Co., Ltd., along with raising supporting funds. The company’s securities were suspended from trading starting September 15. The company expects to disclose the transaction plan within no more than 10 trading days. The company has signed a letter of intent with 14 counterparties and preliminarily reached an agreement on the purchase of assets.The translation is provided by third-party software. Risk Disclaimer The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.The above