---
title: "CHINAHONGQIAO's indirect shareholding in HONTRON will increase from approximately 22.98% to approximately 88.99%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/241458173.md"
description: "CHINAHONGQIAO announced that HONTRON will complete the acquisition of 100% equity by issuing new shares to the existing shareholders of Hongtuo Industrial, increasing the indirect shareholding ratio from approximately 22.98% to about 88.99%. This transaction will enhance the group's asset securitization level and market influence, improve the financial condition and profitability of HONTRON, and help it become a leading listed company in the aluminum industry, maximizing shareholder interests"
datetime: "2025-05-22T13:49:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/241458173.md)
  - [en](https://longbridge.com/en/news/241458173.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/241458173.md)
generator: "portal-rs"
---

# CHINAHONGQIAO's indirect shareholding in HONTRON will increase from approximately 22.98% to approximately 88.99%

According to the announcement from CHINAHONGQIAO (01378), HONTRON intends to issue new shares to the existing shareholders of Hongtuo Industrial (including Weiqiao Aluminum & Electricity) to purchase the target shares they hold. This includes the "Share Issuance Agreement for Asset Purchase" signed between Weiqiao Aluminum & Electricity and HONTRON on December 20, 2024, as well as the preliminary plan for this transaction approved by the board of directors of HONTRON on January 6, 2025. On May 22, 2025, HONTRON and the existing shareholders of Hongtuo Industrial (including Weiqiao Aluminum & Electricity) signed a supplementary agreement for this transaction. According to the transaction documents, the sellers (Weiqiao Aluminum & Electricity, Jiahui Investment, Dongfang Asset Management, CITIC Financial Assets, Juxin Tianang, Ningbo Xinlu, Jinan Hongtai, Junyue Investment, and Tiancheng Zinc) agreed to transfer their total 100% equity in Hongtuo Industrial to HONTRON.

Upon completion of this transaction, the company's indirect shareholding in HONTRON will increase from approximately 22.98% to approximately 88.99%, while the company's indirect shareholding in Hongtuo Industrial will decrease from approximately 95.295% to approximately 88.99%. HONTRON and Hongtuo Industrial (through HONTRON) will continue to operate as subsidiaries of the group.

This transaction is beneficial for enhancing the group's asset securitization level and market influence, achieving asset integration to improve management efficiency and performance, and promoting the long-term development of the group. At the same time, this transaction will help (including but not limited to) improve the asset quality of HONTRON, significantly enhance its financial condition and profitability; it will also help position HONTRON as a leading listed company in the aluminum industry, enhance overall value, and maximize shareholder interests

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**