August 17 -- Shenyang Hejin Holding (000633) reported that its net profit rose to 17.94 million yuan in the first half of 2011, while revenue increased 108.45 percent to 65.87 million yuan, reports yicai.com, citing a company filing. All percentage changes cited in this article are year-on-year.

Shanxi Jinrui Investment held a 1.02-percent stake in Hejin Holding before selling it during the reporting period.

According to an earlier announcement, Hejin Holding will spend seven million yuan to acquire a 70-percent stake in the Gaijiagou lead zinc ore mine in Yuanyi village, Fengcheng city, Liaoning province. The site has lead zinc ore reserves of 33,303 tons.

In addition, Hejin Holding announced that it plans to spend 14.43 million yuan to acquire a 70-percent stake in Kuandian Sanding Boron Rock Industry from LIMAC Corporation, its majority shareholder.

Source:CapitalVue