Heilongjiang Interchina Water Treatment (600187.SH) announced that the closing prices of the company's stock on July 19, 22, and 23, 2024 consecutively deviated more than 20% from the mean value, and the closing prices of the stock on July 24 and 25, 2024 consecutively deviated more than 20% from the mean value. On July 26 and 29, 2024, the company's stock rose to the daily limit, which indicates the risk of an overheated market sentiment. However, the company's fundamentals have not changed significantly, and there are no major undisclosed information that should be disclosed.
Since December 2022, the company has gradually held 36.486% of the shares of Zhuji Wenshenghui's self-owned fund investment Co., Ltd. (hereinafter referred to as 'Zhuji Wenshenghui'), which is a restructuring holding platform for Beijing Huiyuan Food and Beverage Co., Ltd. (hereinafter referred to as 'Beijing Huiyuan'), and indirectly holds 21.89% of the shares of Beijing Huiyuan. The company plans to purchase the shares of Zhuji Wenshenghui by paying in cash, thus becoming its controlling shareholder and the controlling shareholder of Beijing Huiyuan.
The 'Equity Trading Intention Agreement' signed by the company regarding the above matters is only a tentative agreement, expressing the willingness of the parties to cooperate and the preliminary negotiation results. The specific progress of whether or not the transaction can be implemented and its implementation has significant uncertainty. The transaction will not have a significant impact on the company's operations in the short term, and the company's fundamentals have not changed significantly. Beijing Huiyuan owns part of the assets of China Huiyuan Juice Group Co., Ltd. (hereinafter referred to as 'Huiyuan Group'). After the reorganization, the orchard planting base and most production lines are still under Huiyuan Group. Beijing Huiyuan currently adopts a light asset operation mode and still mainly relies on commissioned processing and production.