"Zhang Mengzhu" Trading Desk Buys In! Mining Subsidiary Established 14 Years Ago Fails to Obtain Mining Qualification

On March 3, 2026, the trading desk of renowned hot money investor "Zhang Mengzhu" purchased approximately 59.75 million yuan (about $8.65 million) worth of Yasheng Group stock, driving the company's share price to hit the daily limit-up for four consecutive trading sessions, with a cumulative increase of 46.54%. The core focus of market attention is a mining subsidiary under Yasheng Group, which was established 14 years ago. However, its tungsten mine project, located within a national nature reserve and involving tungsten—a mineral classified as strategic—has long been constrained by environmental protection policies and has yet to obtain exploration and mining licenses. M&A experts point out that obtaining approval for tungsten mining rights is extremely difficult, with the current industry trend focusing on consolidating existing high-quality mining rights. This incident highlights the acute conflict between environmental regulations and resource acquisition in mining development, particularly for strategic minerals, and directly impacts the asset value and long-term development of related companies.