Anhui Jiangnan Chemical Industry (002226.SZ) plans to acquire 100% of Qinghua Minbao's shares for 645 million yuan.
Jiangnan Chemical Industry (002226.SZ) announced that the company plans to acquire 100% of the shares of Xi'an Qinghua Civilian Explosives Equipment Co., Ltd. (referred to as "Qinghua Civil Explosives") held by Northern Special Energy Group Co., Ltd. (referred to as "Special Energy Group") in cash for a transaction amount of 645 million yuan. After the completion of this transaction, the company's civilian explosive equipment production capacity will be further improved, total assets and net assets will also increase, which will help reduce operational risks and enhance risk resistance capabilities.
Anhui Jiangnan Chemical Industry (002226.SZ) announced that the company plans to acquire 100% equity of Xi'an Qinghua Civil Explosives Co., Ltd. (referred to as "Qinghua Civil Explosives") held by Northern Special Energy Group Co., Ltd. (referred to as "Special Energy Group") in cash, with a transaction amount of 645 million yuan. After the completion of this transaction, the company's production capacity of civil explosive equipment will be further enhanced, total assets and net assets will be increased, which will help reduce operating risks and enhance the ability to withstand risks.
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