# Hongchuang Holdings to acquire Hongtuo Industrial for 63.5 billion yuan

Hongchuang Holdings (002379) announced plans to issue shares to acquire 100% of Shandong Hongtuo Industrial Co., Ltd. from Shandong Weiqiao Aluminum Power Co., Ltd. and others, for a transaction value of 63.518 billion yuan. Hongtuo Industrial has annual electrolytic aluminum capacity of 6.459 million tons and alumina capacity of 19 million tons.

- Type: Acquisition
- Announced: 2025-05-22
- Where: China
- Value: $8.80B (63.5B CNY)
- Status: announced
- Capacity: electrolytic aluminum 6.459 million tons per year, alumina 19 million tons per year
- Products: electrolytic aluminum, alumina, aluminum deep-processing products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [China Hongqiao Group](https://endata.com/companies/28233.md) (partner)
- [Hongchuang Holdings](https://endata.com/companies/82143.md) (acquirer)
- [Shandong Hongtuo Industrial](https://endata.com/companies/82144.md) (target)
- [Shandong Weiqiao Aluminum Power Co., Ltd.](https://endata.com/companies/84925.md) (partner)
- [Shandong Hongchuang Aluminum Holding Co.](https://endata.com/companies/84960.md) (acquirer)
- [Shandong Weiqiao Aluminum & Electricity Co.](https://endata.com/companies/84961.md) (partner)

## Sources

- [finance.sina.com.cn](https://finance.sina.com.cn/jjxw/2025-05-22/doc-inexnchw9492597.shtml), 2025-05-22: "公司拟发行股份购买山东魏桥铝电有限公司等持有的山东宏拓实业有限公司100%股权，交易作价为635.18亿元。"
- [news.qq.com](https://news.qq.com/rain/a/20250523A08LMS00), 2025-05-23: "本次交易前，上市公司主要从事铝加工业务，业务构成及盈利增长点较为单一，业务受国内终端需求景气度影响较大，最近一年净利润为负。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.