---
title: "Cixing: The decline in stock price may be related to the company's termination of restructuring plans, and there is no insider trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/227352241.md"
description: "Cixing's stock price fell by 13.16% after the company decided to terminate the plan to issue shares and pay cash to acquire Wuhan Minsheng's controlling stake. The stock price had previously surged before the suspension, raising suspicions of insider trading. The company stated that the stock price decline is related to the termination of the restructuring and that it complied with confidentiality agreements during the restructuring period, with no involvement in insider trading. Recent stock price fluctuations are related to rumors about the \"robot concept,\" but the company is currently mainly engaged in the computer flat knitting machine business"
datetime: "2025-02-06T10:20:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/227352241.md)
  - [en](https://longbridge.com/en/news/227352241.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/227352241.md)
generator: "portal-rs"
---

# Cixing: The decline in stock price may be related to the company's termination of restructuring plans, and there is no insider trading

Cixing's shares resumed trading and fell 13.16%. In terms of news, the company announced last night that it has decided to terminate the plan to issue shares and pay cash to acquire the controlling stake in Wuhan Minsheng and raise matching funds. The reason for the termination is that the parties involved in the transaction could not reach an agreement on the final transaction conditions. It is worth noting that just before the suspension of trading, Cixing's stock price had "prematurely" surged, raising market suspicions of insider trading. The company's stock rose by 20.03% and 15.29% on January 13 and January 14, respectively, with a cumulative increase of over 35% in two trading days. In addition, some investors speculated that the company surged due to its involvement in the "robot concept" market. In response, a relevant person from Cixing stated that the stock price drop may be related to the company's termination of the restructuring plan. When asked about the significant rise in stock price before the suspension, the person said that the company conducted self-examinations both before and during the restructuring, and that directors, supervisors, and senior management, as well as relevant personnel, adhered to confidentiality agreements, with no related stock trading activities. Regarding the company's recent association with the "robot concept," the person mentioned that it might be because the subsidiary previously engaged in robot business. However, the company currently focuses on computer flat knitting machine business and is basically not involved in robot business

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**