Huachang Chemical announced that its controlling shareholder, Suzhou Huana Investment Co., Ltd., is planning to transfer company shares by agreement, which may lead to a change in control of the company. Trading in the company's shares will be suspended from the market open on August 26, with the suspension expected to last no more than two trading days. Huachang Chemical currently has no actual controller. The controlling shareholder, Huana Investment, holds a 28.88% stake, and its founding shareholders are 167 natural persons, none of whom can control Huana Investment individually. In the first half of 2026, the company's net profit attributable to the parent was 123 million yuan, up 1,026.90% year on year. Revenue from the fine chemicals segment rose 77.19% year on year, and polyol products contributed revenue of 2.042 billion yuan, up 79.04% year on year. On the last trading day before the suspension, Huachang Chemical closed at 6.47 yuan, up 5.20%, with a total market value of 6.162 billion yuan.
Jiangsu Huachang Chemical Co LtdControlling shareholder plans share transfer that may lead to change of control; trading suspended.
As controlling shareholder, Huana Investment is planning to transfer shares, potentially changing control.
