Xinjiang Sayram Modern Agriculture flags trading volatility, shareholder confirms no impact

Xinjiang Sayram Modern Agriculture (SSE:600540) has announced that its stock has experienced abnormal trading fluctuations, triggering a formal inquiry. The company confirmed that its stock price triggered the exchange's volatility threshold, rising over 20% in the three trading days from April 8th to April 10th. In response, Xinjiang Sayram Modern Agriculture sent a confirmation request to its controlling shareholder, 中新建物流集团有限责任公司. The shareholder replied, confirming that it is unaware of any undisclosed material events that would impact the company's stock. The firm noted there were no major asset restructurings, share issuances, acquisitions, debt restructurings, business reorganizations, asset divestitures, or asset injections. The shareholder also stated that it did not trade shares during the period of volatility.