Hongqiao Holdings Acquires 100% Stake in Shandong Hongtuo Industrial

Reuters01-30 18:43
Hongqiao Holdings Acquires 100% Stake in Shandong Hongtuo Industrial

China Hongqiao Group Ltd.'s indirect subsidiary, Shandong Hongqiao Aluminum Industry Holding Company Limited (Hongqiao Holdings), recently completed the acquisition of 100% equity interest in Shandong Hongtuo Industrial Company Limited (Hongtuo Industrial) through a share issuance. Following the completion of asset transfer and registration procedures on December 31, 2025, Hongtuo Industrial has been included in the consolidated financial statements of Hongqiao Holdings. Hongqiao Holdings and Hongtuo Industrial are under the ultimate control of the same party, and the transaction is treated as a business combination under common control according to relevant enterprise accounting standards.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Hongqiao Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260130-12006357), on January 30, 2026, and is solely responsible for the information contained therein.

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