Huilong Aluminum plans to acquire 27% equity of its subsidiary Anhui Huilong Group
On November 10th, Huilong Aluminum Group announced that to implement the company's development strategy further, optimise the company's organisational management system, and improve operational efficiency, the company plans to acquire 27 per cent of the equity of its holding subsidiary Anhui Huilong Group Donghua Agricultural Materials for RMB 53.79. Anhui Huilong Group Huialumum New Material Technology Co., Ltd. plans to sell 17 per cent of its equity. Additionally, Anhui Huilong Group Huialuminum New Material Technology Co., Ltd. has expressed its plans to sell its entire equity stake of 100 per cent in Maanshan Dasong New Material Technology Co., Ltd. for a sum of 49.3 million yuan.
Anhui Huilong Group Huialuminum New Material Technology Co., Ltd. (hereafter referred to as "huialuminum new material") was founded in 2009 and is owned and managed by Anhui Huilong Agricultural Materials Group Co., Ltd., listed on the Anhui Supply and Marketing Society in 2020. It has a complete industrial chain system for profile extrusion, surface treatment, deep product finishing, design, R&D, manufacturing, and installation of aluminium products. It has aluminium products and finishing capabilities that are among the finest in the market.
