* ST Yazhen: There is uncertainty about the acquisition transaction
2025-08-01 13:24:41
On August 1st, * ST Yazhen issued a notice of abnormal movement. The company's shares closed on three consecutive trading days on July 30, July 31 and August 1, 2025, and the deviation value of the daily closing price rose by 12%, which belongs to abnormal fluctuations in stock trading. The company intends to purchase its 51.00% stake in Guangxi Zircon Industry from Hainan Zirconium and Titanium Resources Holding Group Co., Ltd., and the transaction price is 55,448,985 yuan. This transaction still needs to go through a number of approval procedures before it can be implemented, including but not limited to completing the relevant pledge release of the underlying assets and submitting it to the shareholders' meeting of the listed company for consideration and approval. There are still certain uncertainties as to whether this transaction can obtain the above approval and the time for obtaining the relevant approval.
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