It is planned to establish a joint venture company Huayuan Lugang International Trade Co., Ltd. The nature of the enterprise is a Sino-foreign joint venture. The company is jointly financed and established by Shanxi Economic Construction Investment Group and Mersher Limited (Hong Kong). The registered address of the company is Taiyuan City Transformation and Comprehensive Reform Demonstration Zone. The operating period is 30 years.
The company’s registered capital is 580 million RMB, with Shanxi Economic Construction Investment Group holding 51% and Mersher Limited holding 49%.
The Chinese investor Shanxi Economic Construction Investment Group Co., Ltd. was established in 1988. It is a representative of the state-owned asset investor authorized by the provincial government to operate as a sole proprietor and the main body of government investment. It is a large-scale state-owned enterprise supervised by the Provincial State-owned Assets Supervision and Administration Commission, and the initiator of the China Investment Association one. In June 2013, it was transferred to Shanxi Energy Transportation Investment Co., Ltd. as a whole. In April 2020, Shanxi Energy Transportation Investment Co., Ltd. was reorganized as Huayuan International Land Port Group Co., Ltd., with a registered capital of 18.197 billion yuan, and its registered place is located in Shanxi Transformation and Comprehensive Reform Demonstration Zone. Mainly undertake Shanxi railway infrastructure investment and construction, the province's major logistics hub layout tasks, as well as dry port infrastructure investment, production and living materials trading, commodity distribution display, multimodal transportation, port and bonded services, integrated customs clearance services, and technological innovation And nine major functions such as information services, financial services, and third-party logistics.
The foreign investor, Hong Kong Mersher Limited, was incorporated in Hong Kong. The company holds 100% holdings in Tianjin Desheng Magnesium Auto Parts Co., Ltd. and Tianjin Desheng Magnesium Technology Development Co., Ltd. At the same time, the German sister company TEDA Laukötter Technologie GmbH of Mersher Limited is its main technology source channel.