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Weiqiao Group's internal "snake swallowing elephant" Shandong Hontron Aluminum Industry Holding's major asset restructuring suspension | Read the announcement quickly.
① Weiqiao Group is putting on a show of "a snake swallowing an elephant" within the group; ② It plans to inject the relevant Aluminum Assets of CHINAHONGQIAO, with a net asset exceeding 47 billion yuan, into Shandong Hontron Aluminum Industry Holding, whose net assets are less than 2 billion.
Shandong Hontron to Purchase Stake in Hongtuo Industrial
Express News | Shandong Hontron Aluminum Industry Holding plans to temporarily suspend trading due to the proposed issuance of shares for asset acquisition.
CHINAHONGQIAO (01378.HK): Shandong Hontron Aluminum Industry Holding is planning to acquire all the shares of Hongtuo Industrial.
On December 23, Gelonghui reported that CHINAHONGQIAO (01378.HK) announced on December 20, 2024, that the company's indirect subsidiary ShanDong Weiqiao Aluminum Power Co., Ltd. ("Weiqiao Aluminum Power") signed a "Share Issuance Agreement to Purchase Assets" with the company's indirect subsidiary Shandong Hontron Aluminum Industry Holding Co., Ltd. (Hontron Holding (002379.SZ), in which the company indirectly Holds approximately 22.65% of the shares). Hontron Holding is planning to acquire all the equity of ShanDong Hongtuo Industrial Co., Ltd. ("Hongtuo Industrial") to issue new shares to the existing shareholders of Hongtuo Industrial, including Weiqiao Aluminum Power.
shandong hontron aluminum industry holding (002379.SZ): accumulated government subsidies received 12.2162 million yuan.
On November 13, shandong hontron aluminum industry holding (002379.SZ) announced that the company and its subsidiaries received a total of 12.2162 million yuan in government subsidies from August 16, 2024 to November 12, 2024.
Hongchuang Holdings: Report for the third quarter of 2024
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