Xinhua Department Store: Denies Market Rumors of Injecting Semiconductor and Related Assets
3 week ago / Read about 0 minute
Author:小编   

Xinhua Department Store has released an announcement addressing the abnormal fluctuations observed in its stock trading. Over three consecutive trading days, the closing price of its stock has experienced a cumulative deviation increase of over 20%. Following thorough verification, the company confirms that, apart from the previously disclosed matters, there are no other significant issues that warrant disclosure but have remained undisclosed. The company has become aware that certain investors have been circulating false statements and rumors on various media platforms. These rumors suggest that, following the transfer of a portion of the company's shares by its controlling shareholder through an agreement, assets related to semiconductors, integrated circuits, chips, and other pertinent sectors will be injected into the company. Such rumors have contributed to volatility in the company's stock market performance. However, after engaging in communication and verification processes with both the controlling shareholder and the equity transferees—namely, Hangzhou Jingqi Electronic Information Partnership (Limited Partnership) and Xiamen Lianxinmei Enterprise Management Partnership (Limited Partnership)—it has been definitively confirmed that the events described in these market rumors are entirely baseless.