Updated August 23, 2026 · through Special Situations Digest #29 (Aug 23, 2026) · 69 this week
A running index of Chinese special situations covered in the Special Situations Digest. Below: the 100 most recent situations spanning 6 categories — activist campaigns, going-private deals, tender offers, divestitures, restructurings, and more. Earlier coverage includes 304+ additional Chinese situations from prior issues. Each item links to the underlying filing or news source.
The full weekly digest covers 500 to 700 situations across 25+ markets every Sunday (608 in Digest #29), with Excel/PDF/JSON exports, Copy-for-LLM and a searchable database of 9,500+ situations. Subscribe for full access.
Acquisitions 58 situations
Anhui Jiyou New Materials Co., Ltd. (603429.SS) has applied to the Shanghai Stock Exchange to postpone its response to a regulatory inquiry regarding a pending major asset purchase and connected transaction.
Ningxia Building Materials Group Co., Ltd. (600449) intends to acquire CNBM Graphite New Materials Co., Ltd. from its controlling shareholder, China National Building Material Company Limited.
Chongqing Sulian Plastic Co., Ltd. (301397) is using oversubscribed funds to acquire equity in Chengdu High-Tech Zone Huahui Industrial Co., Ltd. to expand its industrial chain and product lines.
Zhuhai Bojay Electronics (002975.SZ) entered into a definitive agreement to acquire a controlling stake in its associate Zhuhai Dingtai Xinyuan Crystal Co., Ltd. for $27M in cash.
Xinhao Optoelectronics plans to acquire 100% of Shenzhen Didi New Energy Vehicle Technology Co., Ltd. for no more than RMB 950 million (~$142M).
Shenzhen Fibocom Wireless Inc. (300638.SZ) will acquire a controlling stake in Shenzhen Hangsheng Electronics Co., Ltd. via a cash transaction.
Shanghai Allide Industrial Group (301419.SZ) plans to acquire at least 51% of Huizhou Yuanbao Precision Metal Die Casting Co., Ltd. to consolidate control of a heat-dissipation components maker.
Longping High-Tech Co., Ltd. (000998.SZ) is acquiring a 51% controlling stake in Xinjiang Jinghua Seed Co., Ltd. to expand its cotton seed market reach in Central and South Asia.
Net profit earn-out commitments for 2026 through 2028 are set at no less than RMB 35 million (~$5.2M), RMB 41 million (~$6.1M), and RMB 50 million (~$7.4M), respectively.
Ninghu Expressway (600377) is acquiring Jiangsu Suxichang Southern Expressway Co., Ltd. via cash payment.
Xiamen Tungsten plans to acquire 30.1683% equity in Jiangxi Jutong Industry Co., Ltd. for total cash consideration of RMB 593,327,462.21 (~$88M).
Changzhou Zhongying Technology (300936.SZ) proposes to acquire a 51% stake in Changzhou Yingzhong Electric Co., Ltd. via cash payment to Yu Biao, Yu Yingzhong, and Zhu Lijuan.
Hunan Gold Co., Ltd. (002155.SZ) is increasing the supporting fundraising for its acquisition of 100% of Hunan Gold Tianyue Mining Co., Ltd. and 100% of Hunan Zhongnan Gold Smelting Co., Ltd. from RMB 1,000 million…
Shanghai Zhezhong Group will acquire equity in Zhezhong Jiechuang Semiconductor and inject RMB 300 million (~$45M), reaching a 53.19% post-increase stake.
Jinbei Automobile (600609) is seeking to acquire 100% of Yanfeng Automotive Trim Systems (Shenyang) Co., Ltd. through a subsidiary for $17M.
Guodian Power Development Co., Ltd. (600795.SS) is acquiring equity interests in seven conventional energy generation companies from its controlling shareholder, China Energy Investment Corporation Limited, to reduce…
Shanghai Modern Pharmaceutical Co., Ltd. (600420.SS) is acquiring a 51% stake in Sinopharm Group Guorui Pharmaceutical Co., Ltd. for $61M in cash to consolidate chemical pharmaceutical assets.
MEMSensing Microsystems (688286.SS) will acquire a combined 54.00% stake in Beijing Pudan Optoelectronics Co., Ltd. through a mix of share transfer and capital increase, after which Pudan will become a controlled…
Nanjing State-owned Assets Investment Management Holding Co., Ltd. has indirectly acquired a 34.78% stake in Nanjing Business & Tourism Corp., Ltd. (600250.SS) through a capital increase.
Shuntong Group signed a conditional share transfer agreement with Shanghai Puweilai Quan.
Focus Media Information Technology Co., Ltd. (002027.SZ) proposes to acquire 90.02% of Chengdu Xinchao Media Group for RMB 7,794,424,500 (~$1.2B) via mixed consideration.
Zhejiang Shuaifeng Electric received SSE Inquiry Letter [2026] No.
Chengdu Xinzhu Road & Bridge Machinery (002480.SZ) is undergoing a complex asset restructuring involving the sale of its maglev and bridge component assets and the mixed-consideration acquisition of a 60% stake in…
ZYF Lopsking Material Technology Co., Ltd. signed a share acquisition letter of intent on 2026-08-18 to buy 51% of Suzhou Mengying Electronic Technology Co., Ltd. for cash from Shi Yanku.
New Journey Health Technology Group (002219.SZ) plans to acquire the entire equity interest of Shandong Zepu Medical Technology Co., Ltd. A valuation report dated 2026-08-11 by Beijing Zhongheyi Asset Valuation Co.…
Jiangsu Smartwin Electronics Technology Co., Ltd. (301106.SZ), which already holds 40% of Jiangsu Xintongda Electronic Technology Co., Ltd. ('New Tongda'), is planning to buy the remaining 50% of New Tongda for cash, a…
Jiangsu Sihuan Bioengineering (000518.SZ) signed a preliminary intent agreement to acquire 80% of Jilin Changyuan Pharmaceutical Co., Ltd. from Jiangxi Jixin Biotech Co., Ltd. for cash.
Shandong Ruifeng High Polymer Materials (300243.SZ) plans to acquire at least 51% of Anhui Mituo New Materials Technology Co., Ltd. for an estimated $60M in cash and capital increases.
Yingkou Fengguang New Materials Co., Ltd. (301100.SZ) reduced the purchase price for a 90% stake in Anhui Ruihua New Materials Co., Ltd. to RMB 52,655,544, (~$7.8M) down from the original RMB 81 million (~$12M).
Sinopec Oilfield Service's wholly-owned subsidiary SIPC and SIPC Mexico Subsidiary will acquire DIAVAZ's 50% stake in Mexico DS Company and D&S Company's 0.01% EBANO project interest for USD 4 million.
Zhongsheng Pharmaceutical to acquire 12.06% of subsidiary Zhongsheng Ruichuang for USD 28,262,068 in cash.
China Animal Husbandry (600195) is acquiring 51% of Hebei Shengxue Dacheng Pharmaceutical and 72.7272% of Inner Mongolia Shengxue Dacheng Pharmaceutical from China National Uranium Corporation and other transferors…
Shi Weiping, together with Liu Hui, Xue Feng and Wang Changhua, agreed to transfer a combined 22.4999% stake in Xintian Technology (300615.SZ) via agreement transfers, with Shi Weiping's own holding falling from 27.31%…
明德生物 paid RMB 190.00 million (~$28M) in cash to acquire 100% equity of 武汉必凯尔救助用品有限公司 from 蓝帆医疗.
No formal transaction agreement has been signed, and the plan requires board, shareholder, and regulatory approvals.
藏建集团 plans to transfer 94,195,640 shares of 高争民爆, representing 34.00% of total share capital, to 地矿集团 at no consideration. 西藏自治区国资委 approved the transfer; 藏建集团 and 地矿集团 completed internal approvals on 2026-07-29 and…
Dongguan Dare Electronics Co., Ltd. (300976.SZ) is moving toward 100% ownership of Dongguan Vist New Material Technology Co., Ltd. via a supplementary agreement to acquire the remaining 20% equity.
Harbin Weidi Electronic Co., Ltd. (603023.SS) is acquiring 100% of Jiangsu Zhiyue Tiancheng Enterprise Management Co., Ltd. and 44.8506% of Jiangsu Jiuxing Precision Technology Co., Ltd. for cash.
Fujian StarNet-Ruijie Communication Co., Ltd. is acquiring a 46% stake in Guangzhou Xinde Communication Technology Co., Ltd. Sellers are Chen Chunming, Rao Dongsheng, and Jiang Xiaomin, who collectively hold 46%…
Shanghai Longcheer Technology Co., Ltd. (603341.SS) is acquiring an 80% controlling stake in Suzhou Anruike Information Technology Co., Ltd. for RMB 1.12 billion (~$166M) in cash.
Tianjin Bohai Chemical signed a share acquisition intent agreement with Guangdong GR New Materials on August 13, 2026.
Tianhai Integrated Defense Equipment Technology Co., Ltd. (300008.SZ) acquired a 65% stake in Lvneng Heavy Industry (Zhenjiang) Co., Ltd. for $5.2M in cash to add shipbuilding and marine engineering capacity.
Wuhan Mingde Biotechnology plans to acquire 100% equity of Wuhan Bicaier Rescue Supplies from Blue Sail Medical via cash payment.
Suzhou Polydyne Materials Technology (300905.SZ) is acquiring a 51% stake in Shanghai Keshunda Polymer Materials for RMB 35.7 million (~$5.3M) in cash.
Shenzhen Zhaori Technology Co., Ltd. (300333.SZ) plans to acquire control of Shenzhen Bainei Technology Co., Ltd. through a mixed consideration of share issuance and cash payment.
Jiangsu Adicon Pharmaceutical Group Co., Ltd. (688488) is acquiring the minority interests in its subsidiary Nanjing Nanda Pharmaceutical Co., Ltd. to increase its ownership.
Shanghai Jingheheng Technology will become the controlling shareholder of Sinosun Technology Co., Ltd. (深圳兆日科技股份有限公司, 300333.SZ) through a share transfer agreement to acquire a 14.18% stake.
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) plans to acquire 100% equity of Changsha Aifusi Technology Co., Ltd. via share issuance and supporting funds.
Shanghai Xindao Electronic Technology Co., Ltd. is acquiring 100% of Shanghai Jishun Technology Co., Ltd. and 17.15% of Shanghai Shunlei Technology Co., Ltd. for RMB 402.60 million (~$60M) to transition from a Fabless…
Beijing Coretech Group Co., Ltd. (002350.SZ) proposes to acquire equity in Anhui Zhishanghe Technology Co., Ltd. A valuation report from Jinzheng (Shanghai) Asset Appraisal Co., Ltd. values the target's total equity at…
Ningbo Joyson Electronics is acquiring a controlling stake in Guangdong Xiangshan Weighing Apparatus Group Co., Ltd. (002870.SZ) through a private placement of 20,682,711 new shares for RMB 645,300,583.20 (~$96M) in…
Shaanxi Construction Machinery Co., Ltd. (600984) is planning to acquire 100% of Pucheng Clean Energy Chemical Co., Ltd. via a combination of cash and share issuance.
Topscore Fashion Co., Ltd. completed the acquisition of a stake in Anhui Xunwei Precision Industry Co., Ltd. for RMB 220 million.
Xizang Construction & Building Materials Group Co., Ltd. (藏建集团) will transfer 94,195,640 shares (34.00% of total share capital) of Xizang Gaozheng Explosive Co., Ltd. (高争民爆, 002827.SZ) to Xizang Geological & Mineral…
Huilv Ecology Technology Group Co., Ltd. (001267.SZ) is acquiring a 49% stake in Wuhan Junheng Technology Co., Ltd. through a mixed consideration of share issuance and cash.
Anhui Jiyou New Materials plans to acquire 50.76% of Jiangsu Huiju Pharmaceutical for RMB 1,006.0632 million (~$149M) in cash from Huang Hua, Zou Ping, Bi Weiguo, Nantong Huiping, and Nantong Huiyuan.
Anhui Landun Optoelectronics (300862.SZ) plans to acquire a controlling interest in Suzhou Lanchuang Technology through a mix of share issuance and cash and may issue shares to no more than 35 specific investors to…
Zhejiang Shuaifeng Electric plans to purchase 100% of Hangzhou Huijia Information Technology from its shareholders for cash.
Divestitures 27 situations
Jinlong plans to transfer its 300 million shares of Dongguan Securities, representing a 20% equity stake.
The subsidiary reported net losses of RMB 61.5102 million (~$9.2M) in 2025 and RMB 28.9582 million (~$4.3M) in H1 2026, with an appraised value of -RMB 147.1056 million.
Leidu International, a wholly-owned second-tier subsidiary, will sell 52.91% of Maxmega Electronics PTE LTD for USD 4.97 million to ONG BENG HUAT and Yunhan Singapore.
Zhangzidao Group Co., Ltd. (002069.SZ) is planning to divest its stake in Yunnan Amur Sturgeon Group Co., Ltd. The company disclosed an asset valuation report dated 2026-08-19 for the total equity value of the target to…
Aerospace Intelligent Manufacturing Technology (300446.SZ) is divesting stakes in two non-core fine-chemicals subsidiaries to raise working capital for its core business.
Unisplendour Corporation Limited (000938.SZ) completed the divestiture of a 65% stake in its microfinance subsidiary, Suzhou Unigroup Digital Internet Technology Microfinance Co., Ltd., for $41M in cash.
Shanghai Jahwa United Co., Ltd. (600315.SS) plans to sell its 19% equity stakes in Sephora (Beijing) Cosmetics Sales Co., Ltd. and Sephora (Shanghai) Cosmetics Sales Co., Ltd. to SEPHORA ASIA PTE.
Songsheng is selling its entire 6.25% stake in Chongqing Jinggang Transmission for RMB 24.0625 million (~$3.6M).
Shanghai Jialinjie Textile Co., Ltd. (002486.SZ) entered a binding agreement to sell a 7% stake in Masood Textile Mills Limited to VELORA GLOBAL VENTURES-F.Z.C for $7.09 million.
Jiangsu Yabang Dye plans to publicly list 100% equity of wholly-owned subsidiary Jiangsu Daobo Chemical plus Yabang's creditor's rights against it as a bundled asset package on Changzhou Property Exchange.
Shenyang ChipSource Microelectronics Equipment (688037.SS) is divesting its 50% equity stake in Guangzhou XinZhi Technology to remove a loss-making subsidiary from its consolidated scope.
BlueFocus's wholly-owned subsidiary BlueFocus International is selling its 20% stake in Tomato Interactive Limited for RMB 38.7 million (~$5.8M).
Zhejiang Yue Ling Co., Ltd. (002725.SZ) is selling a 5% stake in Zhongshi Optoelectronics (Shishi) Co., Ltd. to Daheng Technology for RMB 110.50 million (~$16M) in cash.
Shanghai Jinjiang International Hotels (Group) Co., Ltd. (600754.SS) is divesting 100% of its subsidiary Shanghai Jinjiang International Food & Beverage Management Co., Ltd. for RMB 24.67 million (~$3.7M) in cash.
Unisplendour Software, a wholly-owned subsidiary, will transfer its entire 51% stake in Beijing Unisplendour Digital Intelligence Technology to Qinglianchuang.
Jiuzhou Meigu Technology (000615) auctioned a package of creditor's rights to Beijing Hanheng Enterprise Management Co., Ltd. for 人民币1,499,461.07元.
Ningbo Jintian Copper (Group) Co., Ltd. (601609.SS) plans to spin off its controlling subsidiary Ningbo Ketian Magnetic Co., Ltd. for a domestic Chinese securities exchange listing.
Wingtech Technology (600745.SS) is selling 100% equity in multiple subsidiaries and business asset packages to Luxshare Precision and Luxshare Communication (Shanghai) for cash.
Sinodata Digital Information Service Group Co., Ltd. (000555.SZ) is divesting a stake in Qishuo Technology to eliminate the consolidation of a loss-making subsidiary.
Because Fengyu and Qingfeng could not pay the RMB223.7326 million compensation fully in cash, Yunnan Urban Investment approved a settlement under which Fengyu transfers RMB223.7276 million of due debt owed by Qicai and…
Shenzhen Gongjin Electronics Co., Ltd. (603118) plans to transfer 100% of the equity in its wholly-owned subsidiary, Shandong WenYuan Communication Technology Co., Ltd. The company issued an indicative announcement…
Dasheng Culture (600892.SS) is seeking to divest its 100% stake in subsidiary Wuxi Zhonglian Transmission Culture Communication Co., Ltd. via a public property rights exchange.
Company to sell 100% equity in Future City Construction, Future City Property, and Future City Xinghua to former controlling shareholder Kexiang High-Tech.
Hubei Sanxia Tourism Group Co., Ltd. (002627) is selling 100% of its subsidiary Hubei Sanxia Jiufenggu Tourism Development Co., Ltd. to its controlling shareholder, Hubei Sanxia Cultural Tourism Group Co., Ltd., for RMB…
Hubei Fuxing Technology's subsidiaries Fuxing Huiyu Holdings (71.58%) and Wuhan Dingzhong Real Estate (28.42%) plan to sell 100% of Tianli Real Estate (Wuhan) to Wuhan Financial Holdings (Group).
Zhongcheng Import & Export Co., Ltd. (000151.SZ) plans to divest 100% of Malaysia Yade Co., Ltd. through public solicitation in Malaysian newspapers at a cash price of no less than RMB 1.
Xiangtan Electrochemical Science & Technology (002125.SZ) is divesting two non-core subsidiaries to related parties for a combined RMB 82.66 million (~$12M) to supplement working capital.
Capital Returns 11 situations
Guangdong Haid Group approved changing the use of 75,557 repurchased shares to cancellation and registered-capital reduction.
Board approved changing the use of 14,130,000 repurchased shares (1.54% of total) from equity incentives to cancellation and reduction of registered capital.
Board approved cancellation of 19,230,241 shares held in the buyback account on August 20, 2026.
Company to cancel 107,875,522 repurchased shares, reducing total share capital from 1,465,790,928 to 1,357,915,406 shares.
Daqin Railway Co., Ltd. (601006.SS) will buy back and cancel shares via centralized bidding to reduce registered capital.
Shandong Jincheng Pharmaceutical Group Co., Ltd. (300233.SZ) plans to cancel 4,543,000 repurchased shares to reduce its total share capital by 1.18%.
Shanghai Phoenix Enterprise (Group) Co., Ltd. (600679.SS) is conducting a buyback and cancellation of its B-shares to enhance EPS and shareholder returns.
Leyard Optoelectronic Co., Ltd. (300296.SZ) plans to cancel 3,110,000 unsold repurchased shares to reduce registered capital.
Zhejiang Weihua New Materials Co., Ltd. (603310.SS) secured a loan commitment to fund a board-approved share repurchase plan for employee stock ownership or equity incentives.
Approved cancellation of 4,216,110 repurchased shares held in the company's dedicated repurchase account.
Guanghui Logistics Co., Ltd. (600603.SS) completed a share buyback program to reduce its share capital.
Tender Offers 2 situations
Partial tender offer by Ningbo Kaihai for 91,786,000 shares, representing 6% of total share capital, at RMB 1.25 per share in cash.
Tibet Shannan Antimony & Gold Resources Co., Ltd. launched a voluntary partial tender offer for up to 78,177,450 shares (30.00%) of Willing New Energy at RMB 18.00 per share.
Strategic Reviews 1 situation
Konka Group Co., Ltd. (000016.SZ) suspended trading of its A and B shares effective August 24, 2026, to plan an undisclosed major event.
Litigation Outcomes 1 situation
Black Carbon Carbon Investment, controlling shareholder of Carbon Energy with 51.81%, issued a Notice of Suspension of Operations effective August 1, 2026 due to operational difficulties.
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