Zijin Mining plans to acquire nearly 12% of the shares of Jiangnan Chemical

On November 14, Jiangnan Chemical announced that DunAn Group will sell 318 million shares of Jiangnan Chemical held by itself and related parties through agreement transfer due to the need to optimize debt, accounting for 11.
99%
of the total share capital of the listed company.

The transferee of the shares is Zijin Mining Zinan (Xiamen) Investment Partnership (Limited Partnership), a partnership indirectly controlled by Zijin Mining, a listed company, mainly engaged in equity investment, investment management, asset management and other activities
.

It was disclosed that the price of this share transfer was 5.
08 yuan per share, and the total transfer price of the subject shares was 1.
614 billion yuan
.
As of the close of trading on November 14, the share price of Jiangnan Chemical was 5.
08 yuan per share
.

Jiangnan Chemical said that after this equity transfer, DunAn Group will withdraw from the shareholder sequence of Jiangnan Chemical, and the equity structure of Jiangnan Chemical will be further optimized
.
At the same time, by introducing strategic investors with high matching, high sense of identity and high synergy, it is conducive to improving the governance structure of Jiangnan Chemical Industry and enhancing the level of
corporate governance.
In addition, Zijin Mining's equity acquisition further demonstrates its confidence in the development of Jiangnan Chemical, and the business synergy between the two parties is expected to be further enhanced
in the establishment of a mutually beneficial and win-win cooperative relationship with Jiangnan Chemical.