Hainan Pearl River Holdings (000505) launched two investments to seek new sources of profit growth, reports Shanghai Securities News, citing a company filing. The listed company cooperated with Zhonghe Investment to build the Muling Tow railway track project and coal wholesale market.
 
According to plan, the listed company will inject a maximum of 65 million yuan into the project to earn not less than 50 percent of total profit.
 
Hainan Pearl River Holdings will acquire a 40 percent stake in Xinyaojindi Gas Station from a Zhengzhou company. As of the end of December, 2010, the gas station had an appraised value of 50 million yuan.

 

 

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