CITIC Group and Baiyin Nonferrous Group have established a new company in Guangdong, which includes a business in desalination.

According to the APP, recently, Zhongrun Guohe Industrial Investment Holdings Co., Ltd. was established, with Sun Xiancheng as the legal representative and a registered capital of 50 million yuan. Its business scope includes: engaging in investment activities with its own funds; urban park management; land remediation services; supply chain management services; seawater desalination treatment, etc. Equity penetration data from shows that the company is wholly owned by Beijing Yuanxin Mining Technology Co., Ltd., which is jointly owned by China CITIC Group Limited and Baiyin Nonferrous Group.