A-shares unusual movement | Termination of major matter planning, Huilong New Material's 20cm limit-down, leading the market in decline

Huilong New Materials (301057.SZ) hit the limit down in a single trading halt, ranking first in market decline. The midday closing price was 35.93 yuan, with a total market value of 4.2 billion yuan. According to news, Huilong New Materials announced after trading hours yesterday that during the suspension, the company’s controlling shareholder, actual controller, and the counterparty had fully discussed major matters that could lead to a change in the company’s control. However, due to the involvement of multiple issues and the lack of consensus on core matters with the counterparty, after careful consideration and friendly negotiations, both parties decided to terminate the planning of this major matter.

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