Shenzhen Yitoa plans major acquisitions as *ST Tianlong faces delisting

Today’s market saw significant developments, particularly in acquisitions and delistings. Shenzhen Yitoa Intelligent Control Co., Ltd. is poised for a major expansion through acquisitions, while several companies face delisting risks due to financial challenges.

Earnings & Performance

• Yunnan Enjie New Material (Group) Co., Ltd. (002812) forecasts a turnaround from loss to profit for H1 2026, expecting net profit between RMB 736 million and RMB 900 million, driven by strong demand in the lithium battery separator market.

Deals & Restructuring

• Shenzhen Yitoa Intelligent Control Co., Ltd. (300131) plans to acquire 100% equity of Guilin Guanglong Integrated Technology Co., Ltd. and Shanghai Aojian Microelectronics Technology Co., Ltd. through a combination of share issuance and cash payments. This strategic move aims to expand its asset base and business scope.
• Jiangsu Yawei Machine Tool Co., Ltd. (002559) will see a change in controlling shareholder as Yangzhou Industry Investment Development Group Co., Ltd. subscribes to 92,098,593 newly issued shares, resulting in a 14.35% stake.
• Minbao Optoelectronics Co., Ltd. (301362) is set to hold an extraordinary general meeting on July 27, 2026, to vote on a major asset acquisition and related-party transaction.

Regulatory & Governance

• *ST Tianlong Co., Ltd. (300029) announced the termination of its stock listing on the Shenzhen Stock Exchange, effective July 10, 2026, following a determination of negative net assets.
• *ST Sailong Co., Ltd. (002898) issued a fourth risk warning as its shares enter the delisting transaction period, expected to conclude on July 16, 2026.
• *ST Hengjiu Co., Ltd. (002808) issued its seventh risk warning as its stock enters the delisting arrangement period, which began on June 23, 2026.
• *ST Longda Co., Ltd. (002726) announced the impending suspension of conversion for its convertible bonds due to insufficient cash reserves to repay principal and interest.

Other Notable Developments

• Zhejiang Meida Industrial Co., Ltd. (002677) announced a trading suspension for up to two days due to a planned change in control involving a share transfer of up to 30%.
• Beijing E-hualu Information Technology Co., Ltd. (300212) reported a total overdue debt of RMB 12,939.35 million as of July 6, 2026, and is under pre-restructuring by the court.
• Shenzhen Clou Electronics Co., Ltd. (002121) plans to issue A-shares to raise up to RMB 2.5 billion for debt repayment and working capital.
• ST Cuihua Co., Ltd. (002731) is under investigation by the CSRC for alleged information disclosure violations following abnormal stock trading fluctuations.
• Chengdu Kanghong Pharmaceutical Group Co., Ltd. (002773) announced that 13 of its products have been included in the National Essential Drug List (2026 Edition), which may enhance market expansion.

Investors are advised to monitor these developments closely, particularly the implications of the delistings and major acquisitions.