Multiple listed companies released positive announcements on the evening of September 29; Wangsu Science & Technology plans to invest 300 million yuan in Sand.ai

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Summary · why it matters

A number of listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements on the evening of September 29. Wangsu Science & Technology plans to use 300 million yuan of its own funds, equivalent to 44.4517 million US dollars, to subscribe for 2.1054 million Series A+ preferred shares at 21.1137 US dollars per share in the video generation model company Sandai Cayman, and will hold a 4.3963 percent equity stake after the transaction is completed. The full industry chain project for producing 60,000 tonnes of energy-grade titanium and titanium alloy materials per year, invested and built by Anning Iron & Titanium, has produced its first furnace of titanium sponge, with a single furnace output of about 13 tonnes, and the project has entered the trial production stage. BOMESC's wholly-owned subsidiary Tianjin BOMESC signed a contract with Single Buoy Moorings Inc. for the construction of FPSO topside modules, with a contract value of approximately 1.6 billion to 2.1 billion yuan, scheduled for completion in the second half of 2028. The controlling shareholder of Dongyangguang, Shenzhen Dongyangguang Industrial, proposed that the company repurchase shares through centralized competitive trading, with a capital scale of no less than 600 million yuan and no more than 1.2 billion yuan. Huazhijie plans to acquire 83.5052 percent equity in Geliming through the issuance of shares and payment of cash, and to raise supporting funds, and its shares will resume trading when the market opens on September 30. Jianyan Institute's shares will be suspended from trading when the market opens on September 30 because related parties are planning major matters involving the company, and the suspension is expected to last no more than two trading days.

Impact on assets 8

Energy▲ · 1 stocks
SBM Offshore N.V.
SBMO
▲ PositiveDemandrelevance

BOMESC's subsidiary signed an FPSO topside module construction contract with Single Buoy Moorings Inc., a SBM Offshore entity.

Others▲ · 7 stocks
Wangsu Science Tech
300017
▲ PositiveCapitalrelevance

Wangsu plans to invest 300 million yuan for a 4.3963% stake in video-generation model company Sandai Cayman.

Suzhou Huazhijie Telecom Co
603400
▲ PositiveCapitalrelevance

Huazhijie plans to acquire 83.5052% of Geliming via share issuance and cash, and will resume trading Sept 30.

Off-coverage companies 2

Sand.aiPrivate± Mixed
relevance

苏州格丽明电子科技有限公司Private± Mixed
relevance