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Will Guangdong SASAC reorganize Hongda Xingye?
It hasn't been determined yet.
The controlling shareholder of Hongda Xingye is Hongda Xingye Group, which holds 99. 1% equity of Salt Lake Magnesium and Potassium. Zhou Yifeng, the actual controller of Hongda Xingye, is actually the actual controller of magnesium and potassium in Salt Lake. At the same time, Zhou Yifeng's wife, Zheng Chuying, also holds 0.9% equity, and the acquisition target is Salt Lake Magnesium and Potassium. Whether the State-owned Assets Supervision and Administration Commission of Guangdong will reorganize Hongda Xingye depends on the specific situation and policy trend in the future.
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