Oak Shares suspends trading to acquire Suzhou Qitian, a lithium battery materials firm
Oak Shares (300082) announced on September 20, 2026, a plan to acquire control of Suzhou Qitian New Materials Co., Ltd., a producer of lithium battery electrolyte additives and functional silicone materials, through share issuance and cash. Trading has been suspended since September 21, with a transaction plan expected within 10 trading days. The deal aims to strengthen Oak's position in the new energy battery materials market amid surging prices.
IllustrationEditorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page reads the event directly, while its address stays stable when the title changes.
- Summary covers the current reports
Cross-source coverage
Reporting timeline
Oxirane Shares Suspended for Plan to Acquire Suzhou Qitian New Materials
Oxirane Co., Ltd. announced a plan to acquire control of Suzhou Qitian New Materials Co., Ltd. through a combination of share issuance and cash payment, while also raising supporting funds. As a result, the company's shares have been suspended from trading since market open on September 21, 2026. The company expects to disclose the transaction plan within no more than 10 trading days. If the disclosure cannot be made on schedule, the shares will resume trading by October 13, 2026 at the latest, and the planning of related matters will be terminated. The company stated that this transaction will not result in a change of the company's actual controller. The transaction plan remains subject to uncertainty, as noted in the announcement.
Read sourceOak Shares Suspended for Planned Acquisition of Suzhou Qitian New Materials
Oak Shares announced a trading suspension effective from September 21, 2026, as the company plans to acquire control of Suzhou Qitian New Materials Co., Ltd. through a combination of issuing shares and paying cash, along with raising supporting funds. The company expects to disclose the transaction plan within no more than 10 trading days. If the disclosure is not made on schedule, shares will resume trading by October 13, 2026, and the planning of related matters will be terminated. The transaction will not result in a change of the company's actual controller. The company cautioned that the transaction plan remains subject to uncertainties.
Oak Shares Plans Acquisition of Suzhou Qitian, Trading Suspended
Oak Shares (stock code: 300082) announced on September 20 that it is planning to acquire Suzhou Qitian New Materials through a share issuance and cash payment. Trading has been suspended since September 21, with a plan expected within 10 trading days. Suzhou Qitian is a high-tech enterprise focused on lithium battery electrolyte additives and functional silicone materials, with production bases in Jiangsu, Shandong, and Fujian. The acquisition aims to strengthen Oak's position in the lithium battery electrolyte additive market, which is experiencing a supply-demand improvement and price surge. In the first half of 2026, VC market prices rose to 230,000 yuan/ton, a 400% year-on-year increase. Oak's traditional main business, polycarboxylate water-reducing agent polyether monomer, has been under pressure, but its new energy segment showed strong growth, with net profit attributable to the parent company reaching 61.5 million yuan in H1 2026, up 4621% year-on-year. The transaction is still in planning, with counterparty and pricing details to be disclosed. Oak shares closed at 8.58 yuan on September 18, with a market cap of 5.835 billion yuan.
Read sourceShow 3 older updatesHide older updates
Oak Shares Plans to Acquire Control of Suzhou Qitian; Stock Suspended from September 21
On September 20, Oak Shares (stock code 300082) announced its intention to acquire control of Suzhou Qitian New Materials Co., Ltd. through a combination of issuing shares and paying cash, while also raising supporting funds. The company's stock will be suspended from trading at market open on September 21. The transaction plan is expected to be disclosed within no more than 10 trading days. The announcement was reported by People's Finance News and sourced from stockstar_securities_news, a Chinese securities news outlet. The acquisition target, Suzhou Qitian, is a new materials company based in Suzhou, China. The deal structure involves both equity and cash consideration, with additional fundraising to support the transaction. Investors are advised to await further details upon the resumption of trading.
Read sourceOke Shares Plans Acquisition of New Energy Battery Materials Firm, Trading Suspended
Oke Shares (300082) announced on September 20 that it plans to acquire control of Suzhou Qitian New Materials Co., Ltd., a company specializing in electrolyte additives for new energy batteries, through a combination of share issuance and cash payment, while also raising supporting funds. Trading in Oke Shares will be suspended from market open on September 21, with the transaction plan expected to be disclosed within no more than 10 trading days. Suzhou Qitian's core product portfolio covers carbonates, phosphazenes, nitriles, and novel lithium salts, and it is expanding into organosilicon materials and fine chemicals. The announcement noted that the asset purchase is still in the planning stage, with specific transaction details under discussion and verification, leaving significant uncertainty. Investors are advised to pay attention to investment risks.
Read sourceOxiran Stock to Be Suspended for Major Transaction Planning, Target Firm Revealed
Oxiran, a leading ethylene oxide company, announced that its stock will be suspended starting tomorrow as it plans a major transaction. The target company is Suzhou Qitian New Materials Co., Ltd., which has an annual production capacity of 36,900 tons for lithium battery organic silicon electrolyte additives and 26,700 tons for functional organic silicon materials. Oxiran expects to disclose the transaction plan within no more than 10 trading days; if it fails to convene a board meeting to review and disclose the plan within that period, shares will resume trading at market opening on October 13 at the latest, and the planning will be terminated. The company stated the transaction is in the planning stage with significant uncertainty, advising investors to pay attention to investment risks. Oxiran's semi-annual report for 2026 shows operating revenue of RMB 2.295 billion, up 12.41% year-on-year, and net profit attributable to shareholders of RMB 61.5397 million, a year-on-year increase of 4,621.13%. On September 18, the company's share price rose over 5%, closing at RMB 8.58 per share, with a total market capitalization of RMB 5.835 billion.
Read source