【SMM Aluminium Flash News】China Hongqiao: Hongtuo Industrial becomes a wholly-owned subsidiary of Hongchuang Holdings

Published: Jan 8, 2026 13:37

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China Hongqiao issued an announcement stating that Hongchuang Holdings plans to issue new shares to the existing shareholders of Hongtuo Industrial (including Weiqiao Aluminum & Electricity) to purchase the target shares held by them and related transaction documents. On December 31, 2025, Hongchuang Holdings received the "Approval of the Registration of Shandong Hongchuang Aluminum Holding Co., Ltd.'s Issuance of Shares to Purchase Assets" (CSRC Approval No. [2025] 2970) issued by the China Securities Regulatory Commission. The main content of the approval document is to approve Hongchuang Holdings' registration application for issuing shares to nine counterparties, including Weiqiao Aluminum & Electricity, to purchase related assets. Upon receiving the aforementioned approval, on the same day, 100% of the equity of Hongtuo Industrial was transferred and registered under the name of Hongchuang Holdings, and the transfer of the target assets of this transaction has been completed, making Hongtuo Industrial a wholly-owned subsidiary of Hongchuang Holdings. Hongchuang Holdings will, in accordance with the requirements of the aforementioned approval documents and relevant laws and regulations, and the authorization of the Hongchuang Holdings shareholders' meeting, handle other matters related to this transaction within the prescribed period, including but not limited to the registration and listing procedures related to the newly issued shares of Hongchuang Holdings.

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