Feishang Group Ltd. together with Mr Li Feilie, the Chairman and CEO of CHNR, currently holds 59.34% equity interest of CHNR. A renowned fund owns 9.03% stake. Senior management excluding Mr. Li Feilie, holds 2.74%. The public float is approximately 28.9% stake.
Feishang Group is a conglomerate with various investments mostly in the natural resources industry, iron and steel industry, transportation and logistics industry.
By the end of 2007, besides CHNR, a US listed company, Feishang Group directly and indirectly controlled three listed companies in the A share market in China (Xinke New Materials 600255, Wuhu Port 600575, and Sundiro 000571). The total assets controlled by Feishang Group within China was valued over USD 2.3 billion, with equity value near USD 1.4 billion by the end of 2007. In 2007, the Group's annual sale reached RMB 20.65 billion, with RMB 1.02 billion of taxes and RMB 570 million of net income. Its number of employees exceeded 25,000.
For more information, please visit Feishang Group's website at www.feishang.cn.