JIANGNAN CHEMICAL and Chutian Chemical's strategic restructuring has been implemented, with the new company holding 51% of the shares
According to reporters from JIANGNAN CHEMICAL, its holding subsidiary Hubei Jiangnan Chutian Technology Co., Ltd. was officially established in Daye, Hubei, marking the substantial phase of the strategic restructuring between JIANGNAN CHEMICAL and Chutian Chemical. Business registration information shows that the newly established Jiangnan Chutian is 51% owned by JIANGNAN CHEMICAL and its subsidiary Northern Blasting Technology, making them the controlling shareholders; Chutian Chemical holds 49%
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