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Gansu Energy Chemical: Planning to acquire 100% equity of Jinchang Chemical and raise supporting funds, stock suspended.
Gansu Energy Chemical announces that the company is planning to acquire 100% equity of Gansu Energy Chemical Jinchang Energy Chemical Development Co., Ltd., held by Gansu Energy Chemical Investment Group Co., Ltd., through issuing shares and paying cash, and to raise supporting funds. This transaction is not expected to constitute a major asset reorganization, nor will it result in a change of control of the company; it is considered an associated transaction. The company’s stock and convertible bonds will be suspended from trading starting at market opening on April 2, 2026, and the transaction plan is expected to be disclosed within no more than 10 trading days.