HENAN BING XIONG FRESH-PRESER VATION EQUIPMENIS CO.,LTD (600753)
Henan Oriental Silver Star Investment Co. Ltd
Henan Oriental Silver Star Investment Co. Ltd is mainly engaged in real estate development. The company had originally been involved in the manufacture and sale of horizontal freezers. In recent years it suffered a series of difficulties in its operations. As a result, Chongqing Yinxing Intellectual Group conducted an asset restructuring of the company and donated its 60% equity in Chongqing Yajia Property Company to the company in 2005, becoming the company's controlling shareholder. Following the asset restructuring, the company's main business became real estate development. As an industry flagship, Yinxing Group has been recognised as one of the 'Top 10 Real Estate Enterprises' in Chongqing. In 2007 the company signed an asset exchange agreement with Chongqing Yinxing Economic Technology Development Co. Ltd and acquired a 99% stake in Chongqing Hangang Real Estate Co. Ltd held by Yinxing Economic Technology.
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