“魏桥系”千亿资产腾挪，背后企业获利198亿

Core Viewpoint - The article discusses the acquisition of 100% equity of Shandong Hongtuo Industrial Co., Ltd. by Shandong Hongchuang Aluminum Industry Holdings Co., Ltd., a move that represents a significant asset reallocation within the Weiqiao Group, enhancing its position in the aluminum industry [1][3]. Group 1: Transaction Details - The acquisition will be executed through the issuance of shares, with a transaction value of 63.518 billion yuan, making the target company a wholly-owned subsidiary of the listed company [1][4]. - The share issuance will amount to 11.895 billion shares, representing 91.28% of the total share capital post-issuance, significantly diluting the interests of minority shareholders [4][5]. - The transaction price reflects an appreciation of approximately 20.78 billion yuan over the net assets of the target company, with a valuation increase rate of about 48.62% [6]. Group 2: Company Background - Weiqiao Group, founded by the Zhang family, is a major private enterprise in China, primarily engaged in textiles and aluminum, with operations extending to thermal power, finance, and new energy [3]. - China Hongqiao (01378.HK) serves as the core platform for the group's aluminum and electricity business, managing the entire aluminum industry chain [3]. Group 3: Financial Impact - Post-acquisition, the total assets of Hongchuang Holdings are projected to exceed 100 billion yuan, significantly enhancing its financial metrics and market competitiveness [12]. - The total assets of Hongchuang Holdings will increase from approximately 3.127 billion yuan to about 108.03 billion yuan, marking a growth rate of 3354.49% [13]. - The net profit is expected to shift from a loss of 68.98 million yuan to a profit of approximately 1.808 billion yuan, indicating a substantial improvement in profitability [13].