Huachang Chemical announced on the evening of September 1 that its controlling shareholder, Suzhou Huan Investment, signed a share transfer agreement with Suzhou Xuanli Enterprise Management Partnership, under which 229 million shares, or 24% of total share capital, will be transferred at 6.18 yuan per share for a total consideration of 1.413 billion yuan. After the deal, the controlling shareholder will become Suzhou Xuanli, and the actual controller will become Cheng Renjie. Trading in the company's shares will resume on September 2. On the last trading day before the suspension, August 25, the stock closed at 6.47 yuan, up 5.2%, with a total market value of 6.162 billion yuan. In the first half of 2026, the company reported revenue of 4.016 billion yuan, up 24.85% year on year, and net profit of 123 million yuan, up 1,026.9% year on year.
Jiangsu Huachang Chemical Co LtdSuzhou Xuanli takes a 24% stake to become controlling shareholder, changing ownership and actual controller — a control-transfer event with unclear operational impact.
