Is the acquisition of Taihe Intelligent Technology intended for a backdoor listing? Sungrow Power Supply responds

According to Jinshi Data on October 24, on October 24, the reporter called Sungrow Power Supply as an investor to inquire about the acquisition of Taihe Smart. The other party said that the announcement was the standard and never indicated that it would buy a shell to let Sungrow New Energy go public. The person said that Sungrow New Energy’s listing plan is still progressing normally. On October 18, Sungrow Power Supply announced that its holding subsidiary Sungrow New Energy intends to acquire a total of 10.24% of Taihe Smart’s shares and become the latter’s controlling shareholder. The transaction cost 450 million yuan, with a premium of more than 1 times. On the evening of October 23, Taihe Smart announced that Sungrow New Energy confirmed that there is no plan to change the company’s main business in the next 12 months, which will lead to fundamental changes in the company’s main business. At present, Taihe Smart’s stock price has been rising for four consecutive days.