On January 5, Sundy Land Investment Co.Ltd(600077) (hereinafter referred to as ” Sundy Land Investment Co.Ltd(600077) “) announced the abnormal fluctuation of stock trading, saying that the closing price of Sundy Land Investment Co.Ltd(600077) had deviated by 20% in three consecutive trading days on December 31, 2021, January 4 and January 5, 2022.
With regard to the previously disclosed plan to invest 500 million yuan to establish a subsidiary to enter the lithium industry, Sundy Land Investment Co.Ltd(600077) said that the company does not have the personnel, technology, equipment and resources to develop the lithium industry, and has not signed relevant investment agreements. Lithium industry is a resource intensive and talent shortage industry, which requires high investment cost and certain uncertainty in valuation; At the same time, its operation may be affected by industry environment, macro-economy, market changes and other factors, and there is also great uncertainty.
Sundy Land Investment Co.Ltd(600077) said that the company’s main business is still real estate operation and sales, which has not changed.
(Beijing News)
