Textile Reorganization In Tianshan Brings New Enlightenment To Xinjiang Listed Companies

Since last year,

The dispute of mining equity in Xi Tuo

"Tianshan textile shareholders' meeting has examined and approved the company's issue of shares to buy assets.

The next thing we need to do is to report the reorganization plan to the SFC, which means that the restructuring of Tianshan textile industry is taking a big step forward. "Zhang tianqiang, director and deputy general manager of Xinjiang Tianshan textile Investment Co., Ltd., Katie, told reporters at the East Asia Conference of Tianshan textile yesterday.

"The Tianshan textile reorganization started in July 31st last year is divided into two stages. The first stage is Katie's controlling right to invest in Tianshan textile.

The agreement includes the pferable shares of Hongkong Tianshan and other companies and the pfer of state-owned shares through administrative pfer.

At present, Katie has completed all the equity pfer procedures and owns 56.78% of Tianshan textile and has become the absolute controlling shareholder.

"Zhang Qiang said," next, we have to do is to buy shares of listed companies to invest in the west mining industry, the copper mine into Tianshan textile, completed Tianshan

In the loess slope of Hami, 500 kilometers away from Urumqi, about 200 people risked the construction of Gobi hot summer stress of 50 degrees C, with a view to completing the construction of the Loess Slope copper zinc mine in Xi Tuo mining.

According to the reorganization plan of Tianshan textile, the copper deposit will be injected into Tianshan textile. After 2012, it will become the main profit growth point of Tianshan textile.

The 75% stake in the purchase of the west mining industry is Tianshan textile.

In February 2005, the Xinjiang Hua Lu mineral company, a Chinese Australian who paid the civil code, applied to the Ministry of land and resources in accordance with the law to obtain the "73.29 square km copper zinc polymetallic deposit risk prospecting right" in the loess slope of Hami, Xinjiang.

In November 2006, Fu Min Lu introduced the venture prospector Wang Jingyu to join in the exploration and raise funds for relay exploration. After the continuation of the exploration, all of the investment made by Wang Jingyu will enjoy 50% risk exploration rights.

In November 2007, a breakthrough was discovered in prospecting. In order to make preparations for further exploration and exploitation, the two Fu Minlu and Wang Jingyu submitted their approval to the Ministry of land and resources in accordance with the law, and removed the right of prospecting for the loess slope from the Xinjiang cooperation company of the two sides, and pferred to the limited company established by the two sides of the Xinjiang west mining industry, and then increased investment in exploration. Finally, in 2009, the discovery was made today.