High premium mergers and acquisitions result in the stock price hitting the limit down! Huan Shang Huan responds: optimistic about the target company's development prospects.

After opening today, Huan Shang Huan quickly fell to the limit down. By the time the market closed, the stock price was at 14.35 yuan/share, a decrease of 9.97%, and the total market value shrank to 8.028 billion yuan. Previously, Huan Shang Huan's stock price had risen for 5 consecutive trading days, from August 5th to August 11th, with a cumulative increase of 20.94%. The shift in market funds may be related to the high premium acquisition announcement made by Huan Shang Huan yesterday. In response, a staff member of Huan Shang Huan's securities department stated that the acquisition was aimed at expanding business scope. The main reason for the high premium acquisition this time is that Lixing Food is a leading company in the freeze-drying field with certain strength and technology, and the company is optimistic about the future development prospects of Lixing Food. Currently, Lixing Food products have successfully entered a large well-known retail supermarket and hold military orders. The staff member emphasized that the secondary market is influenced by multiple factors, and advised investors to analyze rationally.