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Company News: Guangdong Rising Assets Management
Updated: 19 Apr 2011

Guangdong Rising Assets Management Co., Ltd. (hereinafter referred to as GRAM) was founded on December 30, 1999 by the approval of the government of Guangdong Province. It has a registration capital of 1 billion yuan, and it is one of the largest state-owned enterprises supervised by the State-owned Assets Supervision and Administration Commission of Guangdong Provincial People′s Government. It mainly deals with the nonferrous metals industry, electronic information industry, hotel and tourism industry, engineering project and real estate construction industry. Since its establishment 10 years before, GRAM has continually reformed and developed as well as gradually optimized the governance to improve its whole comprehensive strengths and profits of capital management annually. By the end of March 2009, the total value of assets of GRAM is up to 45 billion yuan.  As a group company, GRAM has more than 137 members, including 27 first-level enterprise groups and direct under-controlling enterprises, 110 second-level asset share-holding enterprises. It is the second shareholder of China Telecom Co., Ltd, and the controlling shareholder of two listed companies including Zhongjin Lingnan Nonfemet Co., Ltd (Stock code: 000060) and Guangdong Fenghua Advanced Technology (Holding) Co., Ltd ( Stock code: 000636) and actual controller of Guangdong Rising Nonferrous Metal Co., Ltd  which is also a listed company(Stock code: 600259). It has good reputation in Guangdong with many recognition and awards such as“Guangzhou Top Credit Enterprise”“Guangzhou Top 10 Corporations Contribution to Social Responsibility”“China High Tech Industrialization Credit”etc. At present, according to the direction of Guangdong Provincial People′s Government and pursuant to the policy of “focus on mining industry and appropriate development in other fields” GRAM makes great efforts to build“ircraft carrier of state-owned corporation”with assets beyond 100 billion yuan and high international competence.
Also Known as: GRAM
Business CategoryMining; Engineering/Contractor; Manufacturer
Regions of Operation Central and Northern Asia
Ramada Pearl Hotel, 15 Floor No.9,Mingyue NO.1 Road,
  • Dongshan District,
  • Guangzhou Guangdong
  • 510600
  • China
 
 

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