On the evening of May 15, Tongce Medical announced that the company plans to acquire 78.7953 million shares (29.75% of the total share capital) of Heren Technology held by Panyuan Investment at a price of 769 million yuan, becoming the largest shareholder of Heren Technology. … In the morning of May 16, Tongce Medical opened lower and moved lower, with the largest decline of 9.26%; while Heren Technology opened higher by 14.39% and then fell. As of noon on the day, the stock rose 6.29%.
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