The three major A-share indices opened lower collectively, with SDSL falling over 7%

36Kr learned that the three major A-share indices opened lower collectively, with the Shanghai Composite Index down 0.05%, the Shenzhen Component Index down 0.07%, and the ChiNext Index down 0.13%; the gas, trade, and real estate sectors saw the largest declines, with HRPC hitting the limit down, SDSL dropping over 7%, and Huaxia Happiness falling over 6%; the office supplies, precious metals, and shipping sectors led the gains, with Qixin Group hitting the limit up, China Merchants Energy rising over 2%, and Hunan Gold increasing over 1%

Wind data shows that on November 4th, Grandwall, Yitoa Intelligent Control, SDSL, and 8 other stocks were suspended from trading

SDSL: Planning to purchase assets, stock continues to be suspended

SDSL announced that the company is planning to issue shares and pay cash to acquire gas-related assets controlled by the controlling shareholder and its affiliates, as well as to raise matching funds. The company's stock will be suspended from trading starting from October 28, 2025, and the suspension is expected to last no more than 10 trading days. As of the announcement date, the company is actively promoting related work, and due to the uncertainty of the transaction, the stock will continue to be suspended. During the suspension period, the company will promptly disclose progress and will apply for resumption of trading once the matters are confirmed

Kunlun Energy: China National Petroleum Corporation and China National Petroleum Corporation (Thailand) plan to sell a 51% stake in Nantong CNPC and a 40% stake in Ganhe CNPC to SDSL

Kunlun Energy announced that China National Petroleum Corporation Zhongtai and Shandong SDSL Co., Ltd. signed a letter of intent to sell a 51% stake in Nantong Zhongyou and a 40% stake in Ganhe Zhongyou, with SDSL able to pay through the issuance of shares and cash. The transaction is still under negotiation and may not be finalized. Nantong Zhongyou and Ganhe Zhongyou are primarily engaged in natural gas sales and gas pipeline construction

SDSL plans to purchase gas-related assets controlled by its controlling shareholder and related parties, stock suspension

SDSL announced that it is planning to acquire gas-related assets controlled by its controlling shareholder and related parties, involving equity in multiple companies. This transaction constitutes a related party transaction and is expected to be a significant asset restructuring, but it will not result in a change of actual controller. Due to uncertainty, the company's securities will be suspended from trading starting October 28, 2025, and the transaction plan is expected to be disclosed within 10 trading days