Xin Lang Cai Jing·2026-01-12 12:29Group 1 - The aluminum industry is witnessing a significant milestone with Hongchuang Holdings (002379.SZ) announcing a major restructuring plan to acquire 100% of Hongtuo Industrial for 63.518 billion yuan, which has been approved by the CSRC as of December 31, 2025. This acquisition sets a record for the largest scale of mergers and acquisitions among private enterprises in A-shares since the "merger six articles" were published [1][21] - This acquisition is expected to create a new aluminum giant with a market value exceeding 100 billion yuan, marking a deep integration of cross-border asset consolidation, industrial upgrading, and capital market reform [1][21] Group 2 - On December 15, 2025, Inner Mongolia Electric Power Investment announced its plan to acquire 100% of the Baiyin Hwa Coal Power from the State Power Investment Corporation, which has received preliminary approval from the State-owned Assets Supervision and Administration Commission. This transaction reflects the accelerating trend of central enterprise restructuring in 2025 [1][21] - The restructuring is part of a broader policy direction from the State-owned Assets Supervision and Administration Commission to concentrate quality assets in listed companies, following previous cases such as China Electric Power's overall listing and Guodian Power's acquisition of renewable energy assets [1][21] Group 3 - In December 2025, a total of 118 merger and acquisition events were disclosed by A-share listed companies, indicating a robust activity in the M&A market [6][26] - The restructuring activities include various sectors, with notable transactions such as Aikang Co. acquiring Dongguan Silicon Xiang for 100% equity and Nanjing Chemical Fiber planning to acquire Nanjing Craft for 100% equity [24][28]