Hongchuang Aluminum plans major asset restructuring, new share issuance

Shandong Hongchuang Aluminum Industry Holding (SZSE:002379) is moving forward with a significant asset restructuring involving the acquisition of Shandong Hongtuo Industry. The proposed transaction will see Shandong Hongchuang issue shares to Shandong Weiqiao Aluminum and nine other investors, in exchange for their collective holdings of Shandong Hongtu Industry, valued at CNY 6,351,793.54 million. The key investors include Jinan Jiahui Investment Partnership and China Orient Asset Management.