On the morning of July 5, 2021, the purchase of assets issued by Anhui Jiangnan Chemical Industry Co., Ltd. (hereinafter referred to as "Jiangnan Chemical" with the stock code: 002226) represented by the lawyer of Kangda, and was unconditionally approved by the Acquisition and Reorganization Committee of the Listed Company of China Securities Regulatory Commission.
Previously, our lawyers have assisted North Special Energy Group Co., Ltd. (hereinafter referred to as "Special Energy Group") under China North Industries Group co., LTD.(hereinafter referred to as the "NORINCO Group") to complete the acquisition and share delivery of Jiangnan Chemical by Special Energy Group through the combination of share acquisition and voting entrustment, NORINCO Group has become the actual controller of Jiangnan Chemical, and its listed companies have increased to 13.
NORINCO Group is a first-class central enterprise, the main enterprise in scientific research and manufacturing of combat capacity of China's modern new army system, and the cradle and founder of China's civil blasting industry. It has won the A level of performance assessment of SASAC for 16 consecutive years, ranking the 140th in the world's top 500 enterprises.
Jiangnan Chemical is a listed company of Shenzhen Stock Exchange, which is fully qualified in the field of civil blasting, with total assets of 12.24 billion yuan ranked second in the industry sector, the net profit scale in 2020 ranks first and the operating revenue ranks third. It is an important listed company in the field of civil blasting.
This project is the first reorganization project approved by the China Securities Regulatory Commission in the A-share market in the second half of 2021. Jiangnan Chemical successfully acquired the high-quality civil explosive industry under the actual control of NORINCO Group, integrated the civil explosive industry of NORINCO Group and integrated it into the listed company, which has taken a solid first step towards the overall listing of its civil explosive industry, optimize its layout, to promote the transformation and upgrading, make its civil explosive industry better and stronger and bigger, but also greatly enhance the position of the group in the civil explosive industry. The successful adoption of this project marks a substantial breakthrough in the securitization of weapons and civil explosives and opens a broader space for the future development of weapons and civil explosives.
In the implementation of the shares of the project, need to pay attention to the regulatory attitude and the latest policy requirements, legal judgment on the overall compliance and operability of the project scheme, and rapid response, timely make the necessary adjustments to the project plan, which is the project team lawyer risk pre-identification, overall control, crisis response, rapid response-ability and team execution have put forward high requirements. Lawyer Kangda served as a special legal counsel for the project, participated in the commercial negotiation, scheme formulation, agreement drafting, compliance transformation, etc., helped the project through the record of SASAC under the State Council, exchange inquiry, and finally made the project was unconditionally approved by the CSRC. The high-quality legal services for the project were highly recognized by customers.
The Signature lawyers
LI Hao, LI He, WANG Fei, LI Enhua, YANG JunZhe
The other members of the project team
SUN Bowen, LI Kexin
Haitong Securities Company Limited
Baker Tilly International Limited
Pan-China Appraisal Co., LTD.
Kangda has helped China Railway Group to spin off the IPO stocks of its subsidiary, High-Speed Electrification, and make the listing on the Science and Technology Innovation Board to be successfully approved at the meeting
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