Jiangnan Chemicals (002226.SZ) plans to acquire 100% equity of Qinghua Civil Explosives for 645 million yuan.

Zhijing Financial News App reported that Jiangnan Chemical Industry (002226.SZ) announced that the company plans to acquire 100% stake in Xi'an Qinghua Civilian Explosive Equipment Co., Ltd. (referred to as "Qinghua Civil Explosive") 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 civilian explosive equipment will be further improved, and total assets and net assets will be increased, which will help reduce operational risks and enhance the ability to withstand risks.