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01195 KINGWELL GROUP

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  • 0.019
  • 0.0000.00%
Market Closed Apr 28 16:09 CST
54.99MMarket Cap-4.75P/E (TTM)

About KINGWELL GROUP Company

Business review Gold mining business The Company acquired 51% of the shares in a gold mining company located in the Russian Federation and completed the acquisition on August 15, 2012. The gold mining company is a limited company established in accordance with the laws of the Russian Federation. It currently operates a mining project related to gold mining and has legal and beneficial interests in it. The total mining area of the mine is about 309.3 square kilometers. It is operated by the gold mining company and is located on the Molchan River in the Zeyskiy district of the Amor region of the Russian Federation. The mine is estimated to have 35 tons of sand gold reserves (category C1). The gold mining company is currently developing its production and mining plans. On January 30, 2015, the Company acquired 35% of the shares in Shougang. The main assets of Shougang are 70% of the shares held by Jinxin Company and Jinhui Company, respectively. Jinxin Company (i) holds a mining license and prospecting license for the Shanchakou mining area; (ii) holds a mining license for the Jinjiling mining area; and (iii) owns a gold processing plant and a gold smelter. Jinhui Company holds mining licenses and prospecting permits for the Yaojia Mine. During this year, the average sales price of gold was under tremendous downward pressure, weakening the profitability of the gold mining business. The gold mining business has valid licenses, environmental protection policies and permits required to carry out its business operations, and has complied with relevant local regulations and applicable laws and regulations for its business. The main risks and uncertainties in the gold mining business are: (i) fluctuations in gold prices will directly affect sales performance; and (ii) social and environmental issues, any complaints or protests in the local community, and any changes in environmental regulations or regulations will directly affect operating efficiency and costs. Property development business The property development project “Anlu Taiheyuan”, located on North Liangji Road, Anlu Economic Development Zone, Anlu City, Hubei Province, China, is wholly owned by the Group and has brought positive contributions to the Group. The project is divided into three phases, with a total construction area of about 272,568 square meters, and has been approved for mixed residential and commercial use. The tenure of the land use rights for these properties expires on August 22, 2025. Among them, some properties are held by the Group for investment purposes (such as shops, kindergartens and hotels) to generate rental income, and some properties are held and sold. Properties held for sale consist of various types of properties, including villas and apartments. During this year, China's real estate market conditions posed challenges to the property development business. Property sales conditions and average sales prices are under tremendous pressure, and the profitability of the property development business has been weakened as a result. The property development business has valid licenses and permits required to carry out its business operations and has complied with relevant local regulations and applicable laws and regulations for its business. The main risks and uncertainties in the property development business are: (i) economic conditions and domestic and global issues will directly affect sales performance; and (ii) changes in government policies and any changes in policies introduced by the Chinese government for the domestic property industry will directly affect sales performance and operating costs.

Company Profile

Symbol01195
Company NameKINGWELL GROUP
ISINKYG5267M1015
Listing DateJan 20, 2003
FoundedSep 29, 2000
Registered AddressCayman Islands
Chairmanyangguang mao
Secretaryrenwei pan
Audit InstitutionErnst & Young
Company CategoryOverseas registration of Mainland Individuals control
Registered OfficeCricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands
Head Office and Principal Place of BusinessRooms 314-315, Wing On Plaza, 62 Mody Road, Tsimshatsui East, Kowloon, Hong Kong
Fiscal Year Ends06-30
Employees488
MarketHong Kong motherboard
Phone(852) 2882-1195
Fax(852) 2882-1196
Email1195@kingwellgroup.com.hk
Business Jingwei Group Co., Ltd. is an investment holding company mainly engaged in property development and leasing. The company operates through two divisions. The Property Development, Property Leasing and Property Management Services segment is mainly engaged in the development of villas, apartments and commercial buildings, property leasing of owned properties, and providing property management services and construction services. The Gold Mining Division is mainly engaged in the mining and sales business of gold.

Company Executives

  • Name
  • Position
  • Salary
  • yangguang mao
  • Presidencies, CEO, Executive Director, Chairman of the Nomination Committee, Remuneration Committee Members, Authorized Representative
  • 228.00K
  • yun du
  • Executive Director
  • 164.00K
  • quan zhang
  • Independent Non-Executive Director, Audit Committee Members, Remuneration Committee Members
  • 131.00K
  • aiwen ling
  • Independent Non-Executive Director, Remuneration Committee Chairman, Chairman of the Audit Committee, Nomination Committee Members
  • 109.00K
  • jingyi wu
  • Independent Non-Executive Director, Audit Committee Members, Nomination Committee Members
  • 46.00K
  • renwei pan
  • Chief Financial Officer, Authorized Representative, Company Secretary
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