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China Hongqiao Group Ltd. ( (HK:1378) ) has issued an announcement.
China Hongqiao Group Ltd. has announced a proposal for the acquisition of assets through the issuance of shares. This move involves Hontron Holding acquiring all equity interests in Hongtuo Industrial by issuing new shares to its current shareholders, which includes Weiqiao Aluminum & Power. The transaction is intended to increase the shareholding proportion of China Hongqiao in Hontron Holding, strengthening its operational and market positioning. However, the completion of the transaction is subject to regulatory approvals, and its future is uncertain, prompting stakeholders to exercise caution.
More about China Hongqiao Group Ltd.
China Hongqiao Group Ltd. is a company incorporated under the laws of the Cayman Islands, primarily involved in the aluminum industry. It focuses on the production and power generation of aluminum products, operating through subsidiaries like Weiqiao Aluminum & Power and Hontron Holding.
YTD Price Performance: -2.38%
Average Trading Volume: 31,531,372
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$108.8B
See more data about 1378 stock on TipRanks’ Stock Analysis page.