In the past, Huang Bingjun mainly engaged in cement business. It was not until the end of last year that he actively planned to enter the mainland real estate market after selling most of the equity of the business to Taini, a Taiwan-funded Gu Jia holding company. In July last year, Changxing announced that it would purchase 54% equity of PMHL held by Huang Bingjun for 654.38+06 billion yuan and list it in the UK. 654.38+In February, 2002, it was announced that it had signed a memorandum of understanding with Taiwan Province Mud and transferred it at a price of 4 billion yuan. Changxing earned 2.4 billion in just five months. In addition, Huang Bingjun also joined Anhui Conch Group in the mainland A-share shares of Chaodong, and obtained the mining right of Chaodong at a valuation of more than10 billion yuan, while Changxing still holds 30% interest in Anhui Chaodong Cement.
Huang Bingjun entered into a business agreement with related parties, acquired two properties in Guangzhou through PMHL, and set up a joint venture company to develop resorts and residential projects in Fujian, planning to enter the mainland real estate market.