Yunnan Energy Investment Holding: If the stock price rises further, a suspension for investigation may be applied.

If the company’s stock price continues to rise in the future, the company may apply for a trading halt and investigation on the Shenzhen Stock Exchange.

Yuneng Holdings (001896) announced on the evening of March 1 that the company’s stock price has experienced severe fluctuations that deviate significantly from the market trend and have become seriously detached from the company’s fundamentals, indicating a situation of abnormal trading volatility.

The announcement states that if the company’s stock price continues to rise in the future, the company may apply for a trading halt and investigation on the Shenzhen Stock Exchange. Investors participating in trading may face significant risks. We urge all investors to fully understand the risks of secondary market trading, enhance their risk awareness, invest rationally, and pay attention to investment risks.

The sharp increase in stock price is mainly due to the company’s ongoing acquisition activities: the company is planning to invest in and hold shares of Xiantian Computing (Henan) Technology Co., Ltd. (“Xiantian Computing”), a subsidiary of the controlling shareholder Henan Investment Group Co., Ltd., and jointly with Henan Investment Group to acquire the controlling stake in Zhengzhou Heying Data Co., Ltd. (“Zhengzhou Heying”) through Xiantian Computing. Zhengzhou Heying mainly engages in third-party ultra-large-scale data center services, with data centers primarily located in Huailai County, Zhangjiakou City, Hebei Province, and Langfang City, situated at the Beijing-Tianjin-Hebei node, serving the real-time computing power needs of the capital and surrounding areas.

Yuneng Holdings’ latest announcement states that as of the date of this disclosure, the investment in Xiantian Computing is still in the planning stage, and the acquisition of the target company by Xiantian Computing has not been completed. The company is only investing in Xiantian Computing and will not consolidate its financial statements or participate in its specific operations. Currently, the company has no plans to acquire related targets within the next 36 months, and the impact of the above transaction on the company is uncertain.

The announcement also states that this acquisition still requires approval or consent from the State Administration for Market Regulation regarding the concentration of business operators involved in the acquisition of Zhengzhou Heying by Xiantian Computing, or a decision that no further review is necessary. The capital increase is pending the finalization of specific plans and will require the company’s board of directors and shareholders’ meeting to review related related-party transactions. Whether these matters can be ultimately completed and the timing of completion remain uncertain. The company will fulfill its disclosure obligations in a timely manner according to the progress of these matters. The financing work related to Xiantian Computing’s potential acquisition partners is still ongoing, and the overall transaction process is very complex. Whether the transaction can be successfully completed and the timeline are highly uncertain, and there is a risk that the transaction may not be completed.

In the market, Yuneng Holdings’ stock price has hit the daily limit for nearly 7 consecutive trading days, with a cumulative increase of over 100% within 9 trading days.

(Source: Securities Times)