Hongchuang Holdings plans to launch a 63.5 billion yuan acquisition deal.

Documents from the Shenzhen Stock Exchange show that Shandong Hongchuang Aluminium Co., Ltd. intends to acquire aluminum assets held by its main shareholder for 63.5 billion RMB. The documents show that the target company, Shandong Hongtuo Industrial, is one of the world's largest producers of electrolytic aluminum. This acquisition will be made through the issuance of shares.