Xinxing Pipe (000778) announced that in order to further promote the company's regional strategic layout in Xinjiang region, the company intends to set up a wholly-owned subsidiary in Xinjiang Hejing County Xinjiang Co., Ltd., the development and utilization of mineral resources, to promote the further development of the work, The aim is to realize the strategic aim of integrating local steel resources to form new economic growth points in Xinjiang, and to combine the actual progress of mineral resources rationing in Xinjiang. The company registered capital of 50 million yuan, by the emerging casting pipe in cash, the company's business scope for the development and utilization of mineral resources, but also the local production of iron ore, coal mining resources for processing production of iron, steel, wood and other products.
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