Fushan International Energy Group Ltd.
HKG:0639 ISIN:HK0639031506
Fushan International Energy Group Limited is a Hong Kong-based company, whose principal activities are investment holding and sales of jewellery products. The principal activities of the Company and its subsidiaries comprise the production and sales of coking coal products and side products and sales of jewellery products. The principal places of the business are in Hong Kong and the People’s Republic of China. Some of its wholly owned subsidiaries include Fushan Energy Group Limited, which is engaged in investment holding; Fu Hui Jewellery & Goldsmith Company Limited, which is engaged in jewellery retailing and wholesaling, and Fu Hui Investments Limited, which is engaged in the provision of financing arrangements in Hong Kong.
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Mount Gibson Iron Limited (ASX:MGX) has entered into two agreements with Fushan International Energy Group (HKG:0639), Shougang Concord International Enterprises Company Limited (HKG:0697), Shougang Holding (Hong Kong) Limited and various subsidiaries of those companies.
Today the Asian markets include Japan, Hong Kong and South Korea opened higher following the upbeat sentiment in the US market. Nikkei was up by over 2% in early trade. China's Shanghai Composite opened lower but soon returned to the positive territory in early trade.
Today the major indexes in Asia have been hit by the unfavourable news from the US. Asian share markets ended mixed yesterday indexes moved up and down in a narrow range. Shanghai continued its rally over government stimulus measures with a rise of 1.8 percent, and also led the Hong Kong shares up 0.8 percent. Tokyo and Seoul markets closed slightly lower as market was weighed down by the worries over the US rescue plan.
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