They Group has listed on the Growth Enterprise Market of Hong Kong Exchanges and Clearing Limited by means of the magazine publishing business since 8 January 2002.
Hong Bridge Capital Limited became the controlling shareholder of the Group by subscribing its new issued shares and convertible notes on 16 October 2007. Meanwhile, the Group also restructured its magazine publication business by disposing a number of publications, but continued to focus on its magazine business of JESSICACODE and Lisa, and the name of the Company has been changed to “Honbridge Holdings Limited”.
The Company completed the acquisition of 60% interests of "Jining Kailun SOG-SI Materials Co. Ltd in a consideration of approximately HKD70 million in June 2008, which made it entered into the renewable energy industry. Kailun PV participates in metal silicon production as well as the research and development of a high purity of solar-grade silicon (UMGs).
The Company entered into a definitive agreement with Votorantim Novos Negócios (VNN), a Brazilian company, and its subsidiaries on 5 March 2010, acquired 100% interests of Sul Americana de Metais S.A., an iron ore subsidiary of VNN, in a consideration of not more than USD405 million, so as to build a large-scale integrated iron ore project in Brazil which includes an open-pit mine, beneficiation plant, pipeline for transportation and port, with an annual output of 25 million tons of iron concentration.
On 24 March 2010, the Group acquired the entire issued share capital of Hill Talent Limited (“Hill Talent”) at a consideration of HK$880,000,000. Upon completion of the acquisition, the Group would own the entire equity interests of Hill Talent which would own 66% of equity interest of Xianglan Do Brasil Mineracao Ltda (collectively referred to the “Xianglan Brazil Group”). The Xianglan Brazil Group was principally engaged in research, exploration and commercialization of mineral resources (Manganese).
On 28 March 2013, the Group has settled the second instalment payment of the Consideration amount to US$65 million to acquire 99.99% equity interest of SAM. SAM became a subsidiary of the Group.
On 6 June 2013, the Group disposed its 100% equity interest in Hill Talent Limited to Brilliant People Limited for a total consideration of approximately HK$729.8 million.
On 17 January 2014, the Group disposed Divine Mission Holdings Limited, a wholly owned subsidiary, to an independent third party for a cash consideration of HK$3,600,000. Divine Mission Holdings Limited indirectly held 60% equity interest in Jining Kailun Sog-Si Materials Co., Ltd.
The Group completed the transaction to acquire 90.68% equity of Triumpthant Glory Investments Limited ("Triumphant Glory") from Geely International (Hong Kong) Limited, Good Cheer Holdings Limited and Leads Top Limited on September 26, 2014. The principal asset of Triumphant Glory is its holding of the entire issued share capital of Shandong Forever New Energy. Shandong Forever New Energy is a company established in Zoucheng, Shandong Province, the PRC, principally engaged in lithium battery research, production and sales in the PRC.
In addition to continue running the business on the exploration and development of mineral resources, the Group still hopes to seek investment and cooperation opportunities in resources and energy fields.