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Chifeng Gold plans to invest 100 million yuan to take a controlling stake in Guangyuan Technology, entering the waste home appliance dismantling industry.

02 Jun,2015

Chifeng Gold stated that Guangyuan Technology is a waste electrical and electronic product processing enterprise that has been confirmed by the Ministry of Environmental Protection, Ministry of Finance, Development and Reform Commission, and Ministry of Industry and Information Technology to enjoy national environmental protection fund subsidies. It can create synergistic effects with the company's wholly-owned subsidiary, Chenzhou Xiongfeng Environmental Protection Technology Co., Ltd. This acquisition will enable the company to achieve complementary advantages and resource sharing, further optimize its business structure, expand its business scale, and enhance its profitability and sustainable development capabilities.
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