Gengstar Energy Group Co.,Ltd (China)

The company was originally the home appliance manufacturers company which developed and saled horizontal line refrigerator production and offered service, in recent years, the company encountered a series of operational difficulties, resulting in the continuous decline in the operations and production. Chongqing Yinxing Industry Group stepped into the company and made the asset restructuring.The Commission approved the company's major asset restructuring program In June, 2005, Chongqing Yinxing Industry Group completed the donation of 60 percent equity transfer procedures to the Chongqing Yajia real estate company in 2005,which has developed the project of real estate -"East landscape ",etc. Yinxing Real Estate Group is a large enterprise group in Chongqing, and one of the comprehensive real estate strength among the top ten in Chongqing, living dominantly in the same industry. After the completion of the reorganization of the company’s assets, the main business activities will shift to real estate development industry. The company has signed an asset swap agreement with Chongqing Yinxing Economic and Technological Development Co.Ltd,using 99% stakes of the Chongqing Hangang Land Limited Company for replacemen that Yinxing is the legal owner of it.