【SMM Aluminium Flash News】The acquisition of 100% equity of Hongtuo Industrial by Hongchuang Holdings has been approved by the China Securities Regulatory Commission.

Published: Jan 8, 2026 13:36

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In December 2025, Hongchuang Holdings announced that its major restructuring plan to acquire 100% equity of Hongtuo Industrial for RMB 63.518 billion had been approved by the China Securities Regulatory Commission (CSRC) on December 31, 2025, and the transfer of the target assets was completed on January 5, 2026. Following this acquisition, Hongtuo Industrial will become a wholly-owned subsidiary of Hongchuang Holdings and be included in its consolidated financial statements, effectively reducing the proportion of related-party transactions for the listed company. The issue of competition within the same industry will also be resolved. Furthermore, profitability and asset size will be significantly improved. Both parties in this transaction belong to Weiqiao Group. Hongchuang Holdings has an annual production capacity of 200,000 tons of cast-rolled steel sheets, 200,000 tons of cold-rolled steel sheets, and 120,000 tons of aluminum foil. Hongtuo Industrial has an annual electrolytic aluminum production capacity of 6.459 million tons and an annual alumina production capacity of 19 million tons, accounting for 14.5% and 18.2% of the national total capacity, respectively. Its main business is the production and sales of electrolytic aluminum, alumina, and deep-processed aluminum products.

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