Home / English Column / Business (new) / In Industry / Energy Tools: Save | Print | E-mail | Most Read | Comment
Energy, Mining on Cards for Orient
Adjust font size:  ZoomIn ZoomOut

Orient Group, the parent company of leading Chinese home improvement chain Orient Home, will enter energy and mining industries this year, said a top company executive.

 

The energy and mining operations, mainly in oil resources and non-ferrous metals, will become a key sector for Orient Group in the near future, Zhang Hongwei, Orient Group's board chairman, told China Daily.

 

"We might even explore energy resources abroad," Zhang said.

 

He made the remarks on the sidelines of the annual session of the National Committee of the CPPCC, which closed yesterday.

 

Orient Group is also in talks with foreign investors to sell a stake in its Orient Home retail chain, which plans to list overseas in two to three years, he said.

 

Orient Group was the first Chinese private company to list its shares on a Chinese stock exchange in 1994. It is also a major shareholder of China Minsheng Banking Corp, the nation's first private lender; New China Life Insurance, the country's fourth-largest life insurer; and Jinzhou Port in Liaoning Province.

 

The energy and mining operations are expected to become a major sales contributor for Orient Group, along with its financial operations, Zhang said.

 

Orient Home had been negotiating with US home improvement chain Home Depot about the stake sale. But the negotiation collapsed due to, according to insiders, Zhang's insistence on retaining his own brand.

 

Home Depot finally bought a smaller Chinese chain Home Way at the end of last year. The acquisition gave the world's largest home improvement retailer an immediate presence in China, with 12 stores in six cities.

 

"We welcome foreign strategic investors, no matter whether they are also home improvement retailers or investment funds," Zhang said.

 

"I don't mind who is the largest stakeholder. The point is we must keep the Chinese brand," Zhang added.

 

Orient Home was founded in 1998 and operates 25 stores around the country.

 

Most apartments purchased in China are semi-finished. The country's home improvement market is growing more than 20 percent annually and is valued at nearly US$50 billion.

 

Orient's shares yesterday rose 2.44 percent to close at 13.02 yuan.

 

(China Daily March 16, 2007)

 

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>

Product Directory
China Search
Country Search
Hot Buys
主站蜘蛛池模板: 污软件app下载| 色天天天综合色天天碰| 在线成人a毛片免费播放| 中国一级特黄的片子免费| 日韩亚洲欧美在线| 亚洲伊人久久大香线蕉啊| 毛茸茸性XXXX毛茸茸毛茸茸| 免费黄色网址在线播放| 色www永久免费视频| 国产又色又爽又刺激在线观看| 亚洲最大激情中文字幕| 国产馆在线观看| aa视频在线观看| 奶水哺乳理论电影| 一级毛片视频播放| 扒开双腿疯狂进出爽爽爽动态图| 久久成人国产精品一区二区 | 激情伊人五月天久久综合| 免费观看四虎精品国产永久| 老司机带带我在线精彩免费| 国产亚洲精品美女久久久久| 黑料不打烊最新地址| 国产欧美视频一区二区三区| 1024人成网站色| 国产高清一区二区三区| 99久久99这里只有免费费精品 | 国语精品视频在线观看不卡| a级毛片免费在线观看| 天天狠狠色噜噜| ririai66视频在线播放| 好男人在线视频www官网| 一区二区手机视频| 成人18网址在线观看| 中国一级特黄的片子免费| 我要看a级毛片| 中文字幕无码不卡一区二区三区| 无码午夜人妻一区二区三区不卡视频| 久久久无码精品亚洲日韩按摩| 日本最新免费二区| 久久久午夜精品理论片| 日本人妻丰满熟妇久久久久久|