CHINA NICKEL RESOURCES CREATES HOLDING ARM IN SINGAPORE
AsiaInfo Services, October, 2007
AsiaInfo Services 10-15-2007 China Nickel Resources Creates Holding Arm in Singapore BEIJING, Oct 15, 2007 (SinoCast via COMTEX) -- China Nickel Resources Holdings Co., Ltd. (SEHK: 2889), a domestic special steel manufacturer, recently set up a holding subsidiary in Singapore. The new venture will turn into a platform for the investment in its steel factories of Indonesia in the near future, said Dong Shutong, CEO and chairman of China Nickel Resources. "We are able to enjoy more tax preferential policies in Indonesia, mainly thanks to the bilateral tax relations between the nation and Singapore," added the chairman, "We will pour money in the steel factories in phases." Established in 1993, China Nickel Resources has grown steadily to become one of the leading...
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