Jiannanchun responds to the plan to acquire Shuijingfang.
On December 25th, it was reported that Jiannanchun was planning to acquire Shuijingfang. By the end of the trading day, Shuijingfang's stock price had hit the limit up, reaching 39.80 yuan per share. Sina Finance inquired with Jiannanchun about the situation, but there was no response as of the time of writing. It has been reported that both Jiannanchun and Shuijingfang related parties have stated that they have not received any acquisition information. Shuijingfang's investor relations department also stated that they are not aware of the rumors and that the company's production and operations are currently normal.
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