Jiaheng Home Care receives tender offer from Hangzhou Pinbianyi for 21% stake

Today's market saw significant developments, particularly in the acquisition landscape and delisting risks. Jiaheng Home Care Co., Ltd. is at the center of a major tender offer, while *ST Hengjiu prepares for delisting.

Earnings & Performance

• No major earnings announcements were reported today.

Deals & Restructuring

• Jiaheng Home Care Co., Ltd. (300955): Hangzhou Pinbianyi Network Technology Co., Ltd. has initiated a partial tender offer for 21,268,800 shares of Jiaheng Home Care, representing 21.10% of the total share capital, at a price of 33.21 yuan per share. This follows a share transfer agreement that increased the acquirer's stake to 29.70%. The offer period is set from June 24 to July 23, 2026.
• *ST Hengjiu Co., Ltd. (002808): The company announced that its shares will enter the delisting arrangement period, with a final delisting date set for July 13, 2026. Investors are advised to settle relevant businesses before this date.
• *ST Lingnan Co., Ltd. (002717): The company issued a second risk warning regarding potential delisting, as its stock price has fallen below RMB 1, compounded by financial and regulatory challenges.
• Guangdong Jinma Entertainment Corporation Limited (300756): The company is planning to issue shares to specific targets to raise up to 1.05 billion RMB for various projects, pending regulatory approval.
• Yibin Tianyuan Group Co., Ltd. (002386): The company is moving forward with a private placement plan to raise up to 478.8 million RMB, with a significant portion aimed at repaying bank loans.

Regulatory & Governance

• *ST Dongzhi Co., Ltd. (002175): Announced a trading suspension due to a planned change in control, following a share transfer agreement.
• Haisco Pharmaceutical Group Co., Ltd. (002653): Signed exclusive license agreements with Nuvectis Pharma for the development of two drugs, with potential payments totaling up to $1.461 billion.
• Zhejiang Zhaofeng Mechanical and Electronic Co., Ltd. (300695): The company is set to issue convertible corporate bonds to raise up to 1.4 billion RMB, with measures in place to mitigate dilution of immediate returns for shareholders.

Other Notable Developments

• Shenzhen Bestek Technology Co., Ltd. (300822): Announced that its subsidiary has been ruled bankrupt, with no significant impact on consolidated financial statements expected.
• Lianjian Optoelectronics Co., Ltd. (300269): Confirmed the legality of its share repurchase and cancellation due to performance shortfalls.
• Hangzhou Garden Co., Ltd. (300649): Terminated a concerted action agreement among shareholders, leading to the absence of an actual controller.
• ST Langjin Co., Ltd. (300594): Reported that its controlling shareholder's shares have been judicially frozen due to a lending dispute.
• Winning Health Technology Group Co., Ltd. (300253): Proposed to lower the conversion price of its convertible bonds due to stock price performance.

Investors should closely monitor these developments, particularly the implications of the tender offer and the delisting risks affecting several companies.