The stock price has exceeded the bid price of the acquirer, and the Special Treat New Tide competition has entered a heated stage.

① Special Treat Xinchao hit the daily limit today with a stock price of 3.13 yuan, surpassing the offer price of Jindi Petroleum, yet approximately 10% below the offer price of Inner Mongolia Yitai Coal; ② Market participants believe that in terms of offer price and number of shares, Inner Mongolia Yitai Coal holds an advantage, and if Jindi wishes to maintain control, it needs to raise its bid; ③ Inner Mongolia Yitai Coal's stock price significantly dropped yesterday, with 14.9 billion in cash on the books for Q3. After spending hundreds of millions, it is uncertain whether it can maintain high dividends.

cls.cnApr 22 01:31 ET

Xinchao Energy Receives Offer From Inner Mongolia Yitai Coal For 51% Stake

MT NewswiresApr 21 04:15 ET

Is Shandong Xinchao Energy Corporation Limited's (SHSE:600777) Recent Stock Performance Tethered To Its Strong Fundamentals?

Simply Wall StApr 15 19:48 ET

Shandong Xinchao Energy Receives Offer for 20% Stake

MT NewswiresApr 3 05:39 ET

Shandong Xinchao Energy (SHSE:600777) Seems To Use Debt Quite Sensibly

Simply Wall StMar 11 22:44 ET

Shandong Xinchao Energy (SHSE:600777) Is Doing The Right Things To Multiply Its Share Price

Simply Wall StFeb 18 21:22 ET