Significant asset restructuring, stock price doubled in four days, Landwin Optoelectronics responds.
On August 13, Landun Optoelectronics once again opened at the (limit-up) price of 20CM, achieving a four-day consecutive. Since its resumption of trading on August 10, the stock has accumulated a increase of 107.31% over four trading days, effectively doubling in value. In response to inquiries about the sustained of the stock price, a representative from Landun Optoelectronics answered a reporter, who called in as an investor, stating that all relevant information is based on publicly disclosed announcements, and that the current merger and reorganization is still in the preliminary stage; unless there are special circumstances, there are currently no plans for trading suspension, and the stock will continue to trade normally. The company is unable to provide a response regarding the impact of this transaction on the performance of the listed company at this time.
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