Jingce Electronic Suspends Trading to Plan Major Asset Restructuring, Intends to Acquire Partial Stake in Shanghai Jingce

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Jingce Electronic has suspended trading starting tomorrow as it plans to acquire a partial stake in Shanghai Jingce, a move expected to constitute a major asset restructuring. In other news, Tianhao Energy plans to acquire a 100% stake in Tianhao New Energy and resume trading. Guide Infrared expects first-half net profit to grow 602% to 701% year-on-year. BOE expects first-half net profit to rise 54% to 69% year-on-year. JAC Motors, however, expects a first-half net loss of 740 million yuan, as intensifying market competition led to a year-on-year decline in sales.

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