Hong Kong Resources Holdings Co.
Hong Kong Resources Holding Co., formerly known as Ocean Grand Chemicals Holdings Limited, is a Bermuda-based investment holding company. The Company's subsidiaries were principally engaged in the subcontracting, manufacturing and trading of precious metal electroplating chemicals in the People's Republic of China and Hong Kong. The operations of the Company have been ceased since the appointment of provisional liquidators of the Company on July 24, 2006, and the Company has reactivated its trading of the electroplating chemicals through a subsidiary of the Company, Trump Power Limited (TPL), since November 2007. Its subsidiaries include Dynamic Market Trading Limited, Kenlap Chemicals Limited, Kenlap P.G.C. Manufacturer Company Limited, Ocean Grand Chemicals (BVI) Limited, OGC Management Services Limited, Successful Environmental Works and Investments Company Limited and Wintex Holdings Limited.
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Asian markets mostly ended higher Thursday. Japan's Nikkei 225 ended up 0.3%, as exporters cheered for a recent weakness in the yen. Shanghai Composite rose 0.8% and Hong Kong's Hang Seng Index was also slightly higher in a choppy trade session. But South Korea stocks ended down the fourth day this week. The sustainability of the rising streak could be a question amid the negative outlook in global markets. Today Seoul shares opened 3 per cent lower, dragged by the financial sector.
Asian shares are set to gain on Monday after a rally on Wall Street last Friday. Japan's Nikkei average is also expected to be buoyed by exporters on a weaker yen. Asian shares rallied across the region Friday with shipping stocks leading for another day and miners rising on hopes that demand for commodities might be picking up. The Shanghai Composite Index rallied 4%, delivering its best performance of the week while China-related shares also lifted the market in Hong Kong.
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