Due to three consecutive losses in 2003, 2004, 2005, the stock listing of HUNAN GENUINE NEW MATERIAL GROUP CO., LTD. was suspended from April 13, 2006. From Year 2006 the company made profits by expanding business, vigorously paying off "debts" and other measures. The main business was transferred from leather, PVC sheet, aluminum to aluminum products, biological products, and income of the rental. The company formally submitted to the Shenzhen Stock Exchange for applying for recovery of company's stock listing on February 27, 2007. On March 5, 2007 the application was formally accepted. On April 23, 2008 Hunan Xianghui Assets Management Co., Ltd. promises to restructure its assets. Xiang Hui will be responsible for stripping all the assets and liabilities of HUNAN GENUINE NEW MATERIAL GROUP CO., LTD. making it as only as shell and then investing into the assets of real estate assets.
Rm 1505 15f Inno. Bldg 3850 Jiangnan Boul. Binjiang Dist. Hangzhou Zhejiang
Hangzhou; Zhejiang; Postal Code: 310052
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