HK Stock Market Move | CHINAHONGQIAO (01378) rose by 3.48% during trading, the company has been buying back its shares for two consecutive days. It plans to list its core assets domestically.

CHINAHONGQIAO (01378) rose over 3% in the morning session, rising by 3.15% to HK$12.44 with a trading volume of HK$205 million as of the time of reporting. In terms of news, CHINAHONGQIAO announced that on January 15, the company repurchased 5.567 million shares, costing approximately HK$63.28305 million; on January 16, the company repurchased 1.1295 million shares, costing HK$13.5166 million. In addition, Shandong Hontron Aluminum Industry Holding is planning to acquire 100% equity of Hongtuo Industry through the issuance of shares. Hongtuo Industry currently owns all aluminum alloy products, alumina products, and some aluminum alloy processing production lines of CHINAHONGQIAO Group and its subsidiaries located in mainland China. Guolian believes that this transaction will enhance CHINAHONGQIAO's asset securitization level and market influence, achieve asset integration to improve management efficiency and performance, and promote the company's long-term development. After the completion of this transaction, it will help improve the company's H-share valuation level.