Gansu Energy Chemical: Plans to acquire 100% equity of Jinchang Chemical and raise supporting funds; stock suspended.

2026-04-04 14:01:48

Gelonghui April 1 | Gansu Energy and Chemical announced that it is currently planning to acquire 100% of the equity interest in Gansu Energy and Chemical Jinchang Energy and Chemical Development Co., Ltd. held by Gansu Energy Chemical Investment Group Co., Ltd. by issuing shares and paying cash, and to raise supporting funds. This transaction is expected not to constitute a major asset reorganization, will not result in any change in the company’s controlling interest, and will constitute a related-party transaction. The company’s shares and convertible corporate bonds will begin trading suspension from the market open on April 2, 2026, and the company expects to disclose the transaction proposal within no more than 10 trading days.

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