Sichuan Western Resources (SWRH), a holding company based in Sichuan, announced yesterday that it is to set up five subsidiaries covering the businesses of film and television, sports events, cultural investment, tourism and recreation and network technology.
As reported in news stories, this move is valued at up to RMB 250 million, with a registered capital of RMB 50 million for each subsidiary. Obviously, it is a turning point for SWRH to expand its culture and sports businesses.
Meanwhile, SWRH has signed a partnership memo with Chuangchun Film Studio Group, to seek further co-operation in the film industry.
Sichuan Western Resources Holdings Co., Ltd. ,founded in 1997 and listed on the Shanghai Stock Exchange in 1998, is a large company engaged in exploration, mining and beneficiation of various metals such as copper, lead, zinc, lithium, gold, silver, as well as new energy development and utilization.
Proofread by John Devlin