Shandong Hontron to Purchase Stake in Hongtuo Industrial

MT NewswiresDec 22 21:55 ET

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.

Gelonghui FinanceDec 22 19:21 ET

Express News | China Hongqiao - Shandong Hontron Aluminum Industry Plans to Acquire All Equity Interests in Shandong Hongtuo Industrial

ReutersDec 22 19:20 ET

Citigroup's outlook for the CAILIAOHANGYE in Q1 2025: focus on three major investment themes, with CHINAHONGQIAO (01378) as the top choice.

Citi has released the outlook report for China's CAILIAOHANGYE in the first quarter of 2025, suggesting to focus on three major investment themes.

Zhitong FinanceDec 18 01:54 ET

Mingsheng Securities: Supply constraints will still be strong in 2025, and the demand for Copper and Aluminum is quite resilient.

Looking ahead to 2025, supply-side constraints remain strong, and demand is resilient. It is recommended to invest in the sector of Industrial Metals, specifically in symbols of Copper and Aluminum.

Zhitong FinanceDec 18 01:50 ET

Selected announcements | CHINAHONGQIAO expects annual Net income to nearly double year-on-year; GOLDLION HOLD receives a premium for privatization, resuming trading today.

CHINAHONGQIAO expects that the Net income for the year ending December 31, 2024, may increase by around 95% year-on-year; China Coal Energy's Commodity coal sales for the first 11 months were 0.256 billion tons, showing a decrease of 1.9% year-on-year; November sales were 25.8 million tons, representing a year-on-year increase of 11.4%.

cls.cnDec 17 19:20 ET