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Eastern Gold Jade Co Ltd to Set up Subsidiaries

Friday, 3 May 2013 08:00pm EDT 

Eastern Gold Jade Co Ltd announced that the Company will set up three wholly owned subsidiaries, respectively in Ruili, Tengchong and Yingjiang through its Shenzhen-based jewelry industry subsidiary (Subsidiary A). The subsidiaries will be respectively with a registered capital of RMB 30 million, RMB 10 million and RMB 10 million, and all engaged in the sales of jewelry, crafts, office supplies, sporting goods, department stores, metal products, and import and export business. The Company will also have subsidiary A to invest RMB 10 million to set up a jade processing plant company. This new entity will be with a registered capital of RMB 10 million and be engaged in the design, processing and carving of jade. 

Company Quote

-0.59 -2.27%
1:28am EST