Company Profile
Sino Resources Group Limited (carrying on business in Hong Kong as Sino Gp Limited) (stock code: 223) is principally engaged in investing and developing unconventional gas business, coal and metals trading business and provision of agency services and trading of commodities.
The businesses of the Group including:
UNCONVENTIONAL GAS BUSINESS
The Group, through its subsidiary, Sino Giants Group Limited (‘Sino Giants”) together with Multi Century Technology Development Limited and Multi Century Energy Technology (Beijing) Limited (“MCT (BJ)”) (the “Sino Giants Group”) provides technical consulting and operation services in unconventional gas well drilling, completion and production stimulation for exploration and development work in Heilongjiang Province of the PRC.
COAL AND METALS TRADING BUSINESS
The Group has completed an acquisition of equity interest in Zhan Sheng Investments Limited (the “Zhan Sheng Acquisition”), together with World Grace Enterprises Limited and equity interest in Hubei Tiegang Tading Company Limited (“Hubei Tiegang”) via Zhuhai Tiegang Commerical Trading Company Limited (the “Zhan Sheng Group”) which is also engaged in coal and metals trading business. The Zhan Sheng Acquisition is in line with the Group’s strategy to further develop its existing coal and metals business segment. As Hubei Tiegang has a focus on the Northwestern region of the PRC, which is another important region with abundant coal resources apart from the Northeastern region of the PRC, the Zhan Sheng Acquisition shall enhance the Group’s geographical coverage and strategic position in the industry.
These investments will provide the Group with a solid platform for the further business development in the energy and resources sector in the PRC.
