June 5 — Lanke Hi‑Tech shares fell sharply; at the midday close the stock was 8.23 yuan, down 5.29%. Market reports said the company’s proposed restructuring disappointed investors and that Q1 adjusted net profit dropped sharply. The company said the restructuring timeline will be relatively long, it has cancelled the planned 100% acquisition of Lanya Testing and will instead acquire a 51% stake in China Air Separation at the appraised price. The deal’s implied uplift is not high versus peers, a

June 5 — Lanke Hi‑Tech shares fell sharply; at the midday close the stock was 8.23 yuan, down 5.29%. Market reports said the company’s proposed restructuring disappointed investors and that Q1 adjusted net profit dropped sharply. The company said the restructuring timeline will be relatively long, it has cancelled the planned 100% acquisition of Lanya Testing and will instead acquire a 51% stake in China Air Separation at the appraised price. The deal’s implied uplift is not high versus peers, and China Air Separation’s performance is subject to earnings commitments tied to its operations.