Jiangnan Chemical to see minor stake shift

Anhui Jiangnan Chemical Industry (SZSE:002226) will undergo a minor shift in its ownership structure as part of an internal asset restructuring within its controlling shareholder, China Ordnance Industries Group. According to filings, China Ordnance Investment Management (COIM) will acquire 32 million shares (1.21% of total equity) from Guangxi Jianhua Machinery, both entities ultimately controlled by China Ordnance Industries Group. This transaction will bring COIM's total ownership in Jiangnan Chemical to 21.74%.