SINCAP - Potential reversal coming

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10 years 2 months ago #21098 by desmondquek30
Sincap Group Limited is principally engaged in the trading of alumina and thermal coal, as well as the mining and sale of gypsum, in the PRC.

The Group began its core operations in gypsum mining in 1999, and has since grown into one of the leading players in the PRC gypsum industry. It possesses mining and exploration rights to some of the largest gypsum reserves in the Dawenkou Gypsum District in Shandong Province.

In 2005, the Group expanded its operations into alumina trading, and started trading in coal in 2011. The Group has since established a wide network of suppliers and customers in the PRC for these commodities.

Subsequent to the shareholders’ approval for the Group’s business diversification, the Group has diversified its business into property development and property investment since July 2014.

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