【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

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

3 hours ago

Domestic Ports See 240,000 mt Drop in Bauxite Inventory: SMM Report

【SMM Port Inventory of Imported Bauxite】According to SMM's statistics on July 10, the total bauxite inventory at ten domestic ports decreased by 240,000 mt from the previous week.

3 hours ago

Alumina Deal: 30,000 MT Traded at $328/MT FOB Eastern Australia for July 2026 Loading

Alumina transaction: On July 9, 2026, 30,000 mt of alumina was transacted at $328/mt FOB Eastern Australia for July loading.

3 hours ago

50,000 mt Alumina Traded at $325/mt FOB Western Australia for September 2026 Loading

Alumina transaction: On July 8, 2026, 50,000 mt of alumina was transacted at $325/mt FOB Western Australia for September loading.

3 hours ago