The reorganization of Nanfeng Chemical was passed conditionally

On September 24, the China Securities Regulatory Commission's M&A and Reorganization Committee of Listed Companies passed the major asset reorganization of Nanfeng Chemical and Northern Copper

It is understood that since 2014, Nanfeng Chemical's operating income has grown negatively for 7 consecutive years, and the net profit attributable to its parent has been negative for many years

In view of the fact that the daily detergent business has seriously affected the company's performance, in 2018, the main business of Nanfeng Chemical was adjusted from the inorganic salt chemical business and the daily detergent business to the inorganic salt chemical business, and the daily detergent series products were divested from the listed company

In order to reverse the performance decline and seek asset reorganization to avoid the risk of delisting, Nanfeng Chemical has set its sights on Northern Copper