On February 28, the mining right of construction placer in Puzitang Village, Yangqing Town, Suixi County, Guangdong Province was successfully sold for 19 years, with a starting price of 34 million yuan. Huihe Investment Co., Ltd. of Suixi County won it with 34.5 million yuan, with a premium of 500,000 yuan. The mining area of the
project covers an area of 19852 square kilometers, and the proven reserves of construction placer resources within the mining area are 3.861 million cubic meters.
According to the Digital Building Materials DataBM. Com, Huihe Investment Co., Ltd. of Suixi County was established in July 2017 with a registered capital of 300000 yuan, which was co-funded by Weng Wenhua, Guo Yanfang, Chen Ruize and Wang Ma, accounting for 35%, 25%, 25% and 15% of the shares respectively.