Gansu Energy Chemical: Planning to acquire 100% equity of Jinchang Chemical; stock trading suspended from April 2 onwards.

2026-04-03 15:22:48

People’s Finance News, April 1—Gansu Nenghua (000552) announced on April 1 that the company is currently planning to purchase 100% of the equity interest in Gansu Nenghua Jinchang Energy & Chemical Development Co., Ltd. (the “target company” or “Jinchang Chemical”), which is held by its controlling shareholder, Gansu Energy & Chemical Investment Group Co., Ltd., by issuing shares and paying cash, and to raise supporting funds. After the company’s application, its stock has been suspended from trading since the market opened on April 2. Its convertible corporate bonds have also been suspended from trading since the market opened on April 2, and conversion has been paused. The company expects to disclose the transaction proposal for this deal within no more than 10 trading days.

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