Company Proposing to Acquire Neta Auto Affiliate Hits Daily Limit on Straight-Line Surge
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Author:小编   

On September 14, Shanzi Hi-Tech (000981.SZ) experienced a remarkable opening, soaring to the daily limit with a substantial 10.04% increase. The trading volume during the call auction phase surpassed RMB 98.97 million. In terms of news, there have been fresh updates regarding the restructuring of Hozon New Energy, the parent company of Neta Auto: Zhejiang Taiyi Shenglian is set to invest RMB 3 billion to acquire roughly 70.62% of its equity. Taiyi Shenglian is an affiliated entity of Ye Ji, who is the Chairman of Shanzi Hi-Tech. This entity is a joint venture established by Zhejiang Shanzi Holdings and Zhejiang Shanzi Yuxu, with Ye Ji and Yu Shuxin (the head of the Board Office at Shanzi Hi-Tech) acting as the actual controllers of these two companies, respectively. It has been reported that Ye Ji currently leads two listed companies and has faced multiple personal height restrictions (it is possible that "height restrictions" is a mistranslation or misunderstanding in the original context; if it refers to "trading restrictions" or similar, that would make more sense in a financial context).