| Business Summary | | China
Resources
Development,
Inc.
is
engaged
in
the
operation
of
supermarkets
and
has
processed-timber
operations
in
the
People's
Republic
of
China.
In
June
2000,
the
Company
acquired
an
80%
interest
in
Silver
Moon
Technologies
Limited,
which
provides
healthcare
information
through
its
Website,
medi-china.com.
The
Company
includes
its
wholly
owned
subsidiary,
Billion
Luck
Company
Ltd.
and
Hainan
Zhongwei
Agricultural
Resources
Co.
Ltd.
(HARC),
which
it
acquired
the
remaining
39%
interest
in
from
its
joint
venture
partner,
General
Bureau
of
Hainan
State
Farms,
in
May
2001.
Other
subsidiaries
include
First
Goods
and
Materials
Supply
and
Sales
Corporation;
Second
Goods
and
Materials
Supply
and
Sales
Corporation;
Hainan
Zhongwei
Trading
Company
Ltd.;
Zhuhai
Zhongwei
Development
Co.
Ltd.;
Hainan
Weilin
Timber
Limited
Liability
Company;
the
80%-owned
Silver
Moon,
and
Zhongwei
Medi-China.com
Limited
(held
by
Silver
Moon). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CHRB
was
engaged
in
the
distribution
of
natural
rubber
and
the
procurement
of
production
materials
until
January
2000.
CHRB
has
currently
set
up
supermarket
operations.
For
the
six
months
ended
6/30/01,
net
sales
totalled
RMB6M,
up
from
RMB2.4
million.
Net
loss
totalled
RMB637K,
vs.
an
income
of
RMB356K.
Results
reflect
higher
sales
volume
in
the
supermarket
operations,
offset
by
$4.2
million
in
amortization
of
technology
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Ching Po, 53 Chairman,
Pres | $255K | Lin Quan, 52 Vice
Chairman | -- | Tam Ho, 37 Director
and CFO | 212K | Wong On, 36 Director,
Sec. and Financial Controller | 142K | Li Lie, 33 VP | 69K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|