Lanke High-tech stock price plummets, company responds
LanKe Hi-Tech experienced a significant stock price drop on June 5th, closing down 5.29% at 8.23 yuan per share. This decline is attributed to market speculation that the company's restructuring plan did not meet expectations and a sharp decrease in its first-quarter net profit after non-recurring items. The company clarified that the restructuring has been lengthy and involved canceling the acquisition of 100% of Lanya Testing, proceeding instead with a 51% acquisition of China Air Separation Group at an assessed value with a modest premium. AI