rongsheng investment company quotation

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A broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) (CRD: 298769/SEC: 8-70215), a member in good standing of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), as well as a member of Depository Trust Company (DTC), a member of National Securities Clearing Corporation (NSCC) and the Options Clearing Corporation (OCC).

A securities dealer registered with and regulated by the Australian Securities and Investments Commission (ASIC). Futu AU holds the Australian Financial Services Licence (Licence No. 224663).

Beijing Shoutuo Rongsheng Investment Co., Ltd. signed share transfer framework agreement to acquire remaining 90% stake in Fenghui Leasing Co., Ltd. from Jinzhou Cihang Group Co., Ltd. (SZSE:000587) recently. Transaction is subject to approval from shareholders and Board of Directors of Jinzhou Cihang Group Co., Ltd.

Beijing Shoutuo Rongsheng Investment Co., Ltd. cancelled the acquisition of remaining 90% stake in Fenghui Leasing Co., Ltd. from Jinzhou Cihang Group Co., Ltd. (SZSE:000587) on August 5, 2020.

Beijing Shoutuo Rongsheng Investment Co., Ltd. agreed to acquire remaining 90% stake in Fenghui Leasing Co., Ltd. from Jinzhou Cihang Group Co., Ltd. (SZSE:000587) for CNY 10.3 million on December 29, 2020. Beijing Shoutuo Rongsheng Investment Co., Ltd. won the bid for the transaction. Chongqing No. 5 Intermediate People’s Court ruled for the transaction.

Beijing Shoutuo Rongsheng Investment Co., Ltd. completed the acquisition of remaining 90% stake in Fenghui Leasing Co., Ltd. from Jinzhou Cihang Group Co., Ltd. (SZSE:000587) on January 4, 2021.

ng Investment Co., Ltd is a large international group company, which is established with the approval of the National Development and Reform Commission and related departments. It is engaged in the production of import and export business of industry、 energy resources、mineral resources and other fields.

In order to follow the development of times and to response to the national policy of “ The Belt and Road Initiative”,Fujian Rongsheng have successfully set up a lot of projects in the domestic as well as other countries like Indonesia, Malaysia, Singapore, Nigeria and Saudi Arabia and so on. Such as Dongguan Jinwei traditional Industrial Park, Dongguan Boqi Industrial ltd, Jiangxi Bopai Luggage Industrial Park, Fujian Bosheng Creative Industrial park, Indonesia Luggage Ltd, Nigeria Yanuo Industry LTD, Nigeria Time Ceramics Ltd, Nigeria Rongsheng Glass ltd,Nigeria Rongtai Aluminum Ltd, Nigeria Rongtai Wood Ltd, Pakistan Times Ceramics Ltd, Jisheng International Ceramic Company in Jordan, Bunyan in Industrial Ltd in Saudi Arabia, and other enterprises. Among of them,Nigeria and Saudi Arabia are the important development areas..

Since 2009, we have invested more than six hundred million dollars in African countries, and has successfully set up enterprises such as Rongsheng Glass, Rongtai Aluminum, Rongtai Wood and Time Ceramics and others in Nigeria. In order to provide an ideal and comfortable working and living environment for overseas Chinese, Fujian Rongsheng has invested a huge amount of money to build the largest, most beautiful and most well-equipped Rongtai Industrial Park in Nigeria, which has also attracted many other enterprises to settle there. Today, Fujian Rongsheng has become a bridge linking investment and economic construction of Chinese and African enterprises.

In 2021, Fujian Rongsheng started to invest in the Middle East, and has invested more than two hundred million dollars to establish Bunyang Industrial Ltd so far. in Alkaj Industrial Park of Riyadh, the capital of Saudi Arabia. We uses its advantages of high production capacity, stable quality and variety to provide high-quality ceramic products to customers in the Gulf Region.

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SHANGHAI, Aug 29 (Reuters) - China Rongsheng Heavy Industries Group, the country’s largest private shipbuilder, said its first-half net loss widened more than ten times as shipowners continued to postpone vessel deliveries amid a prolonged industry slump.

Rongsheng reported a net loss of 3.1 billion yuan ($505 million) for the first half, compared to a loss of 285 million yuan in the same period last year.

The company said that as of end-June, current liabilities exceeded its assets by 12.3 billion yuan. Its total borrowings rose to 23.2 billion yuan, an increase of 795 million yuan from December 2013. Some 17 billion yuan is due over the next 12 months.

Rongsheng said it entered new shipbuilding contracts for six vessels worth a combined $167.4 million over the first half. As of June 30, it had an order book of 90 vessels, representing a total contract value of $4.2 billion.

Zhejiang Rongsheng Holding Group Co., Ltd., through its subsidiaries, engages in the businesses of petrochemical, polyester, spinning, false-twisting, logistics, coal chemicals, real estate, and venture investment businesses.

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