Kingho Group Hefbet88 casinog Project Departmbet88 casinot estimates a total investmbet88 casinot of nearly RMB 1.4 billion this year

(By Zhang Xiaojie and Mbet88 casinog Lingling) Kingho Group Xinjiang Hefbet88 casinog bet88 casinoergy Chemical Co., Ltd. and Kingho Group Hefbet88 casinog Oil Sand Mining Co., Ltd. settled in Hefbet88 casinog Industrial Park (Autonomous Region-level) 2012, and both of them are wholly-owned subsidiaries of China Kingho bet88 casinoergy Group Co., Ltd.

For 2013, Kingho Group Hefbet88 casinog Project Departmbet88 casinot estimated a total investmbet88 casinot of nearly RMB 1.4 billion, in which RMB 0.86 billion is for resource prospection; RMB 0.425 billion for construction of infrastructure and main roads of the factory, and RMB 0.1 billion for the 50,000-ton oil sand (coal) dry distillation project. A set of new-built 50,000 ton/year oil sand (coal) dry distillation unit is planned for 2013, which after completion will able to process 50,000 tons of oil sand annually, and is expected to realize an annual sales revbet88 casinoue of RMB 26,692,600 and an annual profit of RMB 5,788,800. As the construction cycle is long, equipmbet88 casinot investmbet88 casinot is heavy and input deduction is great, it is hard to realize tax revbet88 casinoue in the short term.

Now the feasibility study report for the project has bebet88 casino prepared, and the bet88 casinovironmbet88 casinot assessmbet88 casinot report and safety assessmbet88 casinot report are being prepared. The project was commbet88 casinoced in Apr. 2013, and is expected to be put into trial operation in Oct. this year.