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HONTRON (002379.SZ) plans to issue shares to acquire 100% equity of Hongtuo Industrial, an aluminum product manufacturer, from Weiqiao Aluminum & Electricity and other shareholders for 63.518 billion yuan. The target company has annual production capacity of 6.459 million tons of electrolytic aluminum and 19 million tons of alumina.
“The target company is a global leading manufacturer of aluminum products and is currently one of the largest producers of electrolytic aluminum in the world.”longbridge.com
Summarized from public sources; check the original articles before acting on it.