China Hongqiao Group Ltd. has announced the approval of a new shareholder agreement by Hontron Holding's shareholders. The agreement, part of a transaction to issue new shares to existing shareholders of Hongtuo Industrial, aims to acquire target shares held by them. This announcement follows previous updates in December 2024, January 2025, and May 2025. While the transaction is subject to certain conditions, the company plans to keep shareholders and potential investors informed of any progress. The Board of China Hongqiao Group, led by Chairman Zhang Bo, advises caution in dealing with the company's securities.
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