ST Xinchao stock shows abnormal trading volatility

Shandong Xinchao Energy Corporation (SSE:600777) has announced that its stock experienced abnormal trading fluctuations. From April 21 to April 23, 2025, the company's stock price deviation reached over 12%, prompting an alert under Shanghai Stock Exchange rules. The company stated that aside from previously disclosed information, there are no significant undisclosed events impacting the stock's trading. Investors should be aware that multiple tender offers for the company's shares are currently in play, creating uncertainty around final outcomes; Zhejiang Jindi Petroleum Exploration & Development Co., Ltd. and Inner Mongolia Yitai Coal Co., Ltd have launched competing bids. The company also reminded investors that it's still working to complete its 2024 audit. Failure to complete the audit on time could result in a trading halt and potential delisting risk warning.