Hengbang Stock and others establish a new company including metal ore business

According to the QiChaCha app, Yantai Hengbang Comprehensive Protection Mining and Metallurgy Development Co., Ltd. was recently established with a registered capital of 10 million yuan. Its business scope includes precious metal smelting, mineral washing and processing, metal structure sales, high-performance non-ferrous metal and alloy material sales, and metal ore sales. Equity penetration data from QiChaCha shows that the company is jointly held by Hengbang Group and others.