*ST Sailong enters delisting period as Wanlong Optoelectronics revises acquisition plan

Today’s market saw significant developments, particularly regarding delistings and major asset acquisitions. *ST Sailong Co., Ltd. announced its stock has entered the delisting arrangement period, while Wanlong Optoelectronics Co., Ltd. revised its acquisition plan involving share issuance.

Earnings & Performance

• *ST Sailong Co., Ltd. (002898): The company warned investors about its stock entering the delisting arrangement period, effective June 26, 2026, with a final delisting date set for July 16, 2026. No major asset restructurings will occur during this period, prompting caution among investors.

Deals & Restructuring

• Wanlong Optoelectronics Co., Ltd. (300710): The company has proposed a revised draft for acquiring assets through a combination of share issuance and cash payments. This transaction involves multiple institutional investors and related parties, with the controlling shareholder committing to fully subscribe to the supporting funds. The revised draft details the transaction structure and counterparty information.
• Beijing Highlander Digital Technology Co., Ltd. (300065): The company is also pursuing an asset acquisition through share issuance and cash payments, involving 17 counterparties and up to 35 investors for supporting funds. This revised draft outlines the transaction structure and associated risks.
• Guangzhou Newlife New Material Co., Ltd. (301323): The company is initiating a major asset restructuring involving share issuance and cash payments to acquire assets, raising supporting funds from up to 35 specific investors.

Regulatory & Governance

• Hangxin Technology Co., Ltd. (300424): A follow-up rating report maintained the issuer's credit rating at BBB with a negative outlook due to ongoing operational losses and high debt levels.
• Range Intelligent Computing Technology Group Company Limited (300442): The company submitted a response to the Shenzhen Stock Exchange regarding its application for issuing convertible bonds for asset acquisition and fundraising, addressing regulatory concerns.

Other Notable Developments

• Guangzhou Newlife New Material Co., Ltd. (301323): The company held its 20th Board of Directors meeting to approve the revised share issuance and asset purchase plan, adjusting the issuance price and number of shares due to dividend distributions.
• Huizhou China Eagle Electronic Technology Inc. (002579): The company is issuing A-shares to fund its Thailand PCB Intelligent Production Base Project and Huizhou CEE Production Line Technical Transformation.
• Zhejiang FORE Intelligent Technology Co., Ltd. (301368): The company has received CSRC approval for its specific object share issuance, with updated application documents now available.
• Wankai New Materials Co., Ltd. (301216): The company reported on trustee management activities for its convertible bonds during 2025, including compliance with bond covenants.

Investors should monitor these developments closely, particularly the implications of *ST Sailong's delisting and the ongoing asset acquisitions by Wanlong Optoelectronics and others.