Your current location:Home > News >
Company News
To better meet the strict safety requirements from the State, the Company's three subsidiaries Baoshan Feilong, Yaoan Feilong and Puer Feilong held a safety awareness contest in Nov. 2006 to strengthen the safety awareness of the employees and improve the safety management. The safety awareness contest is conducted in two stages, i.e., hurry-to-answer and wr…
The Company successfully acquired several base metal projects in 2006 and had a successful placement of new shares. In responding to this change, Yue Da Holdings recently decided to change its Board membership and top management to increase its strength in geological mining, corporate financing, corporate governance, etc.
Yue Da Holdings’wholly-owned subsidiary Yue Da Mining has acquired the entire equity interests in Feisheng Group Corporation and its shareholder loans from Feilong Holdings Limited at a consideration of RMB250,000,000. Upon completion of the acquisition, Yue Da Holdings will come into 100% possession of Tengchong Ruitu Mining and Technology Co. Ltd. through…
To finance the in-progress and subsequent mining projects and introduce institutional investors, the Company placed 40,000,000 new shares (at HK$3.8 per share) at P/E ratio of nearly 40 times in November 2006, with HK$146,000,000 raised.
