---
title: "JIANGNAN CHEMICAL: Plans to publicly delist Chongqing Shun'an Explosive Materials Co., Ltd. The transfer base price for 100% equity is 1 billion yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/260654098.md"
description: "JIANGNAN CHEMICAL announced that the company intends to participate in the public bidding for the 100% equity transfer of Chongqing Shun'an Explosive Materials Co., Ltd., with a transfer base price of 1 billion yuan, and the final amount will be determined by the bidding results. This transaction does not constitute a related party transaction or a major asset restructuring and needs to be submitted for shareholder meeting approval. If the transaction is completed, JIANGNAN CHEMICAL will hold 100% equity of Shun'an Explosive and include it in the consolidated financial statements. This project is jointly transferred with the 30% equity project of Chongqing Shun'an Nantong Explosive Materials Co., Ltd"
datetime: "2025-10-10T14:01:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260654098.md)
  - [en](https://longbridge.com/en/news/260654098.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260654098.md)
---

# JIANGNAN CHEMICAL: Plans to publicly delist Chongqing Shun'an Explosive Materials Co., Ltd. The transfer base price for 100% equity is 1 billion yuan

JIANGNAN CHEMICAL announced that the company plans to participate in the public transfer of 100% equity of Chongqing Shun'an Explosive Materials Co., Ltd. The transfer base price is 1 billion yuan, and the final amount will be determined by the bidding results. This transaction does not constitute a related party transaction or a major asset restructuring and needs to be submitted to the company's shareholders' meeting for approval. If the transaction is completed, JIANGNAN CHEMICAL will hold 100% equity of Shun'an Explosive and include it in the company's consolidated financial statements. This project is jointly transferred with the 30% equity project of Chongqing Shun'an Nantong Explosive Materials Co., Ltd., and the transferee of this project will also become the transferee of the 30% equity project of Chongqing Shun'an Nantong Explosive Materials Co., Ltd., with the transaction price for the 30% equity project being the transfer base price of 33.74457 million yuan

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