China Hongqiao agrees $1.6b deal for control of Loften

China Hongqiao agrees $1.6b deal for control of Loften

The inner workings of the Shandong Loften factory. Image sourced from the official Loften China portal.

China Hongqiao Group Ltd., the subject of allegations by an anonymous short-seller, said it would take control of foil-maker Loften Environmental Technology Co. for about $1.6 billion.

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