Shandong Hontron Aluminum Industry Holding (002379.SZ) is planning to issue additional shares to purchase 100% equity of Hongtuo Industrial. Trading was suspended on December 23rd.

Shandong Hontron Aluminum Industry Holding (002379.SZ) announced that the company is planning to issue shares to purchase 100% equity of Shandong Hongtuo Industrial Co., Ltd. held by Shandong WeiQiao Aluminum and Power Co., Ltd. and other transaction parties. This transaction is expected to constitute a major asset restructuring but will not result in a restructuring listing. WeiQiao Aluminum and Power is a wholly-owned subsidiary of the company's controlling shareholder, Shandong Hongqiao New Materials Co., Ltd. This transaction constitutes a related party transaction. According to the relevant regulations of the Shenzhen Stock Exchange, upon the company's application, the company's securities will be suspended from trading starting from the opening of the market on December 23, 2024.