Daily Market Brief · Saturday, 6 June 2026
Tianmai Technology advances major asset acquisition plan amid bond default warnings
Tianmai Technology (300807) is moving forward with a significant asset acquisition, while ST Longda (002726) and *ST Lingnan (002717) face potential defaults on bonds, raising investor concerns.
80 material announcements from 56 companies
Today's market saw significant developments, particularly in asset acquisitions and financial distress warnings among several companies. Tianmai Technology Co., Ltd. (300807) is progressing with a major acquisition, while ST Longda Co., Ltd. (002726) and *ST Lingnan Co., Ltd. (002717) are grappling with serious financial challenges.
Earnings & Performance
- ST Longda Co., Ltd. (002726): Announced the upcoming expiration and trading suspension of its "Longda Convertible Bonds" on July 12, 2026, with significant risks of default on principal and interest due to insufficient cash reserves.
- ST Lingnan Co., Ltd. (002717): Reported ongoing financial difficulties, including an inability to repay bond principal and interest on time, leading to a downgrade in credit ratings and potential lawsuits.
Deals & Restructuring
- Tianmai Technology Co., Ltd. (300807): Progressing with a plan to acquire 49,767,441 shares of Shanghai Fenneng Automation Technology Co., Ltd. through share issuance and cash payment. Due diligence is ongoing, with final approvals pending from the board and shareholders.
- Huafon Chemical Co., Ltd. (002064): Proposed issuing shares and cash payments to acquire 100% equity in Jiangsu Huafon Composite Materials Co., Ltd. and Jiangsu Huafon Thermal Insulation Materials Co., Ltd., emphasizing compliance and transparency.
- Henan Yuneng Holdings Co., Ltd. (001896): Announced a joint capital increase to acquire 91.2% of Zhengzhou Heying's equity, with a total investment of RMB 25 billion, now completed and registered.
- Sichuan Lutianhua Company Limited By Shares (000912): Resolutions from the board meeting included the acquisition of a 100% stake in Sichuan Jinwei Agricultural Technology Service Co., Ltd. for approximately 697.14 million yuan.
Other Notable Developments
- ST Sanmu Co., Ltd. (000632): Reported overdue debts totaling approximately RMB 41.04 million, accounting for 34.02% of the company's latest audited net assets, and is taking measures to settle these debts.
- Amoy Diagnostics Co., Ltd. (300685): Announced an exemption from restrictions on voluntary share transfers by controlling shareholders, planning to transfer 20% of its shares valued at approximately 1.65 billion yuan.
- Qingdao Double Star Co., Ltd. (000599): Issued shares and paid cash to acquire assets, raising approximately RMB 799.99 million to enhance liquidity and repay debts.
- Guangdong Feinan Resources Recycling Co., Ltd. (301500): Provided a guarantee for its subsidiary Jiangxi Barton, capped at 5 billion yuan, to support its financial obligations.
- Dajin Heavy Industry Co., Ltd. (002487): Proceeding with the issuance of 100,010,600 H Shares for listing on the Hong Kong Stock Exchange, with estimated net proceeds of approximately HKD 6.465 billion.
In this brief
- Progress Announcement on Issuing Shares and Paying Cash for Asset Acquisition and Related Transactions
- Announcement on the Upcoming Expiration and Trading Suspension of "Longda Convertible Bonds" and First Risk Warning of Possible Default on Principal and Interest
- Report on the 14th Temporary Trustee Management Affairs of Lingnan Ecological Culture and Tourism Co., Ltd. for Convertible Bonds Issued to Unspecified Objects in 2026
- Proposal for Issuing Shares and Cash Payment for Asset Acquisition and Related Transactions
- Progress Announcement on Joint Capital Increase for Acquisition of 91.2% Equity in Zhengzhou Heying
- Announcement of Resolutions from the 20th Temporary Meeting of the 8th Board of Directors
- Announcement on the Company's and Subsidiary's Debt Default and Guarantee Progress
- Announcement on Exemption from Restrictions on Voluntary Share Transfers by Controlling Shareholders and Actual Controllers
- Announcement on the Conditional Freezing of Shares Held by the Controlling Shareholder
- Proposal for Issuing Shares and Paying Cash to Acquire Assets and Related Transactions (Summary)
- Announcement on the Progress of Transferring Equity in an Investee Company
- Report on the Issuance of Shares and Cash Payment for Asset Acquisition and Fundraising for Qingdao Doublestar Co., Ltd.
- Announcement on the Issuance of Shares and Cash Payment for Asset Acquisition and Related Transactions
- Announcement on Providing Guarantee for Controlling Subsidiary Jiangxi Barton
- Announcement on the Guarantee Provided by Wholly-Owned Subsidiary Jiangxi Feinan to the Parent Company
- Progress Announcement on Issuing Shares and Cash Payment for Asset Acquisition
- Announcement on Proposing to Authorize the Board of Directors to Handle Matters Related to Issuing Convertible Bonds
- Announcement of Resolutions from the 13th Meeting of the 4th Board of Directors
- Announcement on Dilution of Immediate Returns from Convertible Bonds
- Announcement on Accumulated Litigation and Arbitration Situations
- Announcement on Completion of Judicial Auction Transfer, Pledge Release, and Judicial Freeze Release
- Announcement by Nanjing Hanrui Cobalt Industry Co., Ltd. on 2026 A-share Issuance and Related Commitments
- Announcement on the Investment in a Project for Producing 40,000 Tons of Battery-Grade Nickel Sulfate
- Announcement on Financing Activities and Guarantees for Subsidiaries and Affiliates
- Progress Announcement on Providing Guarantees for Subsidiaries
- Announcement of the Resolutions of the Eighth Meeting of the Seventh Board of Directors
Guangdong Create Century Intelligent Equipment Group CorporationLimited (300083)
- Progress Announcement on Public Transfer of Partial Assets through Beijing Stock Exchange
China Southern Power Grid Energy Efficiency and Clean Energy Co., Ltd. (003035)
- Announcement on the Completion of the Board of Directors' Election and Appointment of Senior Management, Securities Affairs Representative, and Head of Internal Audit Department
- Announcement on Progress of Cash Asset Purchase and Signing of Supplementary Agreement
- Progress Announcement on Providing Guarantees for Subsidiaries
- Progress Announcement on the Acquisition of the Market Authorization for Mesalazine Enteric-Coated Tablets by Wholly-Owned Subsidiary
- Notice on Judicial Execution of Shares Held by Shareholders with Over 5% Stake and Their Concerted Actors
- Announcement on the Shareholding of Shareholders Holding Over 5% Being Provisionally Frozen
- Progress Announcement on Company Providing Guarantee for Subsidiary
- Announcement on the Progress of the Bankruptcy Reorganization of the Company's Former Controlling Shareholder
- Announcement on Changes in Legal Representative and Some Directors and Senior Management Personnel
- Announcement of Resolutions from the Ninth Meeting of the Sixth Board of Directors
- Announcement of Resolutions of the Sixth (Extraordinary) Meeting of the Sixth Board of Directors
- Announcement on Receiving Notification for Avatar Low-Carbon Wheel Project Designation
- Announcement on the Listing and Trading of Overseas Listed Foreign Shares (H Shares)
- Progress Announcement on Company Guarantees
- Legal Opinion on the Second Extraordinary Shareholders' Meeting of Beijing Lier High Temperature Materials Co., Ltd. in 2026
- Announcement of Resolutions from the Second Extraordinary Shareholders' Meeting of 2026
- Announcement of Resolutions from the First (Extraordinary) Meeting of the Seventh Board of Directors
- Announcement on the Release and Re-pledge of Shares by Controlling Shareholder
- Announcement on the Company's Receipt of Execution Notice
- Progress Announcement on Company and Wholly-Owned Subsidiary Litigation Matters
- Announcement on the Increase of Controlling Shareholder's Voting Rights to Over 30% Due to Share Repurchase Cancellation
- Legal Opinion from King & Wood Mallesons (Qingdao) on Haiyingkang (Qingdao) Medical Technology Co., Ltd. and its Concerted Actors' Exemption from Making a Tender Offer
- Legal Opinion from Beijing Jindu (Qingdao) Law Firm on the Acquisition Report of Shanghai Laishi Blood Products Co., Ltd.
- Announcement on the Completion of Judicial Auction Transfer of Shares by Controlling Shareholder
- Announcement on Shareholder Loans and Related Transactions
- Announcement on the Progress of Comprehensive Credit Application and Guarantee Matters
- Announcement of Resolutions from the 21st Meeting of the 9th Board of Directors
- Explanation on Asset Purchase and Sale Situations in the Last Twelve Months
- Explanation on Compliance with Article 4 of the Guidelines for Major Asset Restructuring
- General Risk Warning Announcement Regarding Restructuring Planning
- Progress Announcement on Providing Guarantees for Subsidiaries by Qipilang
- Announcement on the Approval of Clinical Trial Notification for a Subsidiary's Vaccine
- Announcement on the Approval of the Application for Issuing Preferred Shares to Specific Objects by China Merchants Shekou Industrial Zone Holdings Co., Ltd.
China Merchants Shekou Industrial Zone Holdings Co., Ltd. (001979)
- Progress Announcement on Providing Guarantees for Wholly-Owned Subsidiary
- Announcement on the Dilution of Immediate Shareholder Returns from the 2026 A-Share Issuance to Specific Objects and Related Commitments (Second Revised Draft)
- Analysis Report on the Plan for Issuing A-Shares to Specific Objects in 2026 (Second Revised Draft)
- Proposal for Issuing A-Shares to Specific Targets in 2026 (Second Revised Draft)
- Announcement on the Meeting Arrangement for the Review of the Company's Issuance of Shares to Purchase Assets and Related Transactions by the SZSE M&A Review Committee
Guangzhou Ruili Kormee Automotive Electronic Co., Ltd. (001285)
- Announcement on Wuhan Junheng Providing Guarantee for Malaysia Junheng
- Announcement on the Company's Capital Reduction and Related Transactions with Controlling Shareholder
- Resolution of the Fourth Independent Director Special Meeting in 2026
- Announcement on the Overdue Financing of the Holding Subsidiary
- Announcement on the Resignation of the Financial Responsible Person (CFO)
- Announcement on the Progress of External Guarantees
- Announcement on the Progress of Issuing Shares and Paying Cash to Purchase Assets and Related Transactions
- Announcement on Resignation of Chairman and Election of Chairman, Change of Legal Representative
- Announcement of Resolutions from the 11th Meeting of the 11th Board of Directors (Temporary)
- Announcement on Accumulated Litigation and Arbitration Situations
- Announcement on Major Litigation
- Announcement on Receipt of Civil Appeal and Litigation Progress
- Report on the Issuance of Shares and Cash Payment for Asset Acquisition by Qingdao Double Star Co., Ltd.
- Progress Announcement on Company Providing Guarantees for Subsidiaries
- Announcement of Resolutions from the 12th Meeting of the 11th Board of Directors of Guangdong Power Development Co., Ltd.
This brief is generated by AI from English translations of SZSE filings and may contain errors. It is for information only and is not investment advice.