South South Resources Industrial Co., Ltd. is an emerging resources company focused on acquiring promising resource projects. In addition to the company's trading business of old clocks and other office products, we are now mainly focusing on resource acquisitions. In 2009, the Company acquired two coal mines located in Changji Prefecture, Xinjiang, China by acquiring 51% of the shares of Xingli Fuxin International Investment Co., Ltd., and indirectly holding shares in BenQ Kaiyuan Investment Co., Ltd. (“BenQ Kaiyuan”). BenQ Kaiyuan has two wholly-owned subsidiaries: Mulei Kaiyuan Coal Co., Ltd. (“Mulei Kaiyuan”) and Qitai County Zexu Trading Co., Ltd. (“Zexu Trading”). Mulei Kaiyuan owns the Kaiyuan Open Pit Coal Mine, and its business is mainly in coal mining, sales and distribution, while Zexu Trading holds the Zexu Open Pit Coal Mine Exploration License.
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