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Express News | More than 20 A-share listed companies disclosed the latest announcements on mergers and acquisitions this week. Hainan Strait Shipping intends to purchase 100% equity of COSCO SHP SG for 2.515 billion yuan.
Sunstone Development (603612.SH): Currently, the production capacity of 3.46 million tons of prebaked anodes is at full production status.
On March 21, Gelonghui reported that Sunstone Development (603612.SH) stated on an interactive platform that the company's petroleum coke procurement includes low, medium, and high-sulfur petroleum coke. Based on a significant procurement volume and a wide variety of procurement types, the company has signed long-term cooperation agreements with some global refineries, ensuring supply and advantages in scale procurement. While meeting its own production needs, the company's petroleum coke procurement also engages in petroleum coke trading according to market conditions and customer demand, further securing petroleum coke supply. According to financial data disclosed in previous years, the rise in petroleum coke prices is favorable for improving the profitability of the company's pre-baked anodes. The company continues to closely monitor market trends, responding accordingly.
Sunstone Development (603612): Acquired 24% equity of a subsidiary for 0.47 billion yuan, demonstrating confidence in the profitability of pre-baked anodes.
Event: The company announced that its wholly-owned subsidiary, Linyi Industrial and Trade, plans to acquire 23.9681% of the shares in the controlling subsidiary Suotong Innovation held by Dongfang Assets for 0.47 billion yuan. The acquisition of 23.9681% of Suotong Innovation for 0.47 billion yuan.
Express News | Sunstone Development: Plans to acquire 23.9681% equity of Sunstone Innovation for 0.47 billion yuan.
Dragon and Tiger List | Sunstone Development fell 5.68%, four Institutions sold 0.204 billion yuan.
On March 12, Glonghui reported that Sunstone Development (603612.SH) fell by 5.68% today, with a transaction amount of 0.922 billion yuan and a Turnover Ratio of 10.19%. Data from the Dragon and Tiger list shows that four Institutions occupied the first, second, fourth, and fifth selling positions, with a total Sell of 0.204 billion yuan. The listed positions bought a total of 74.868 million yuan throughout the day and sold 0.232 billion yuan, resulting in a net Sell of 0.157 billion yuan. (Glonghui)
Express News | Self-Driving Cars concept stocks opened higher, Lidar technology opened over 25%.