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Individual Investors Among Shandong Hontron Aluminum Industry Holding Company Limited's (SZSE:002379) Largest Shareholders, Saw Gain in Holdings Value After Stock Jumped 4.5% Last Week
Guolian: Maintain CHINAHONGQIAO 'Buy' rating, share buyback demonstrates confidence in development.
Guolian released a research report stating that it maintains a "Buy" rating for CHINAHONGQIAO (01378) and expects the company's Net income for 2024-2026 to be 22.317/26.042/27.076 billion yuan respectively. According to the share buyback authorization granted by the company's Shareholders during the annual general meeting on May 14, 2024, from January 15 to January 17, 2025, the company has repurchased 7.5965 million shares, accounting for 0.08% of the total share capital, with a highest Fill Price of 12 HKD/share and a lowest Fill Price of 11.26 HKD/share, regarding the share buyback.
Hongchuang Holdings: 2024 Annual Results Forecast
China Hongqiao Group's Subsidiary to Acquire 100% Stake in Associate
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.