Xinhuadu's main business

Xinhuadu is a joint-stock company initiated by Fujian Xinhuadu Shopping Plaza Co., Ltd. Xinhuadu was established with a registered capital of 80.08 million yuan. The company was registered in Xiamen Administration for Industry and Commerce on April 9, 2007. The sponsors of Xinhuadu are Xinhuadu Group, Xinhuadu Investment and 29 natural persons including Chen Zhiyong. The promoters of Xinhuadu set up a joint stock limited company by converting 80.08 million shares into shares based on the remaining net assets of Xinhuadu after deducting the 2006 annual profit distribution amount of 44.044 million yuan on June 65438+February 3, 2006. When the company was founded, it was mainly engaged in the chain operation of hypermarkets, general supermarkets and department stores, and mainly owned assets related to the main business operation, such as buildings, machinery and equipment, transportation equipment, office and other operating equipment.