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Shandong Hontron Aluminum Industry Holding's restructuring issuance price is at a "discount" of 40%. The stock price hit the daily limit increase on the day before the suspension | Quick read of the announcement.
① The company has set the issuance price for this share issuance to purchase Assets at 5.34 yuan per share; ② This is more than 40% "discount" compared to the price limit increase on the last trading day before the suspension.
CHINAHONGQIAO (01378.HK) subsidiary Shandong Hontron Aluminum Industry Holding plans to acquire 100% equity of Hongtuo Industrial.
On January 6, Gluon Hui announced that CHINAHONGQIAO (01378.HK) has signed a "Share Issuance Agreement for Asset Acquisition" with Shandong Hontron Aluminum Industry Holding. Shandong Hontron plans to acquire all shares of Hongtuo Industrial, issuing new shares to existing Shareholders of Hongtuo Industrial, including Weiqiao Aluminum and Electricity, as the acquisition consideration. On January 6, 2025, the Board of Directors of Shandong Hontron Aluminum Industry Holding approved the preliminary plan for this Trade. Accordingly, the company's indirect non-wholly owned subsidiary, Shandong Hontron Aluminum Industry Holding, intends to issue new shares to the existing Shareholders of Hongtuo Industrial (including Weiqiao Aluminum and Electricity) to purchase 100% of the target shares of Hongtuo Industrial they Hold.
There's Reason For Concern Over Shandong Hontron Aluminum Industry Holding Company Limited's (SZSE:002379) Massive 33% Price Jump
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
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.
