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Delong Holdings Ltd's Delong Steel Limited Announces Incorporation Of Subsidiary

Tuesday, 19 Mar 2013 07:55am EDT 

Delong Holdings Ltd announced that its wholly-owned subsidiary, Delong Steel Limited (Delong Steel), has incorporated a new subsidiary in the People’s Republic of China, named Beijing Long Yuan Wei De Energy Technology Co., Ltd (Beijing Longyuan). Delong Steel owns 100% of the shareholdings in Beijing Longyuan. Beijing Longyuan has a registered capital of RMB 20,000,000 and shall be principally engaged in the technology development, technology service, technology advisory and investments. The investment in Beijing Longyuan will be funded by the Company’s internal resources. The incorporation of Beijing Longyuan is not expected to have any material impact on the net tangible assets per share and earnings per share of the Company for the financial year ending December 31, 2013. 

Company Quote

-0.01 -3.70%
18 Jul 2014