The application of Guangdong Genox Recycling Tech Co., Ltd. for getting listed in the over-the-counter market was approved by the National Equities Exchange and Quotations Co., Ltd. on Oct. 31.
Genox Recycling was established in Nov. 25, 2010. The board chairman Jiang Jiangfa and vice general manager Ceng Wangqing hold a combined stake of 80.45% in the company and they are the actual controllers of the company.
The main businesses of Genox Recycling include R&D, production and sale of waste recycling equipment, such as crusher, shredder machine, separator and cleaning machine.
Following the trend of integration of industrialization and informatization as well as Internet+, the company plans to increase R&D investment and transform itself from a producer to a solutions provider, according to Jiang.
Operating revenue of the company mainly came from abroad. Its overseas income respectively took up 85.71%, 81.12% and 68.43% of the main business revenue during the reporting period in 2014, 2015 and the first three months of 2016.
