Nantong Jiangshan Agrochemical & Chemicals Co.,Ltd. (SHSE:600389) will acquire additional 16% stake in Nantong Jiangneng Utilities Services Co., Ltd. from NanTong Economic and Technological Development Area Holding Group Co.,Ltd for CNY 16 million on September 27, 2023. Jiangshan Agrochemical & Chemicals plans to use its own funds. Nantong Jiangneng Utilities Services Co., Ltd. reported Total assets worth CNY 200.5 million and Total Common equity of CNY 99.9 million in June 30, 2023.

Transaction has already been approved by Nantong Jiangshan Agrochemical & Chemicals' board of director's.