The Hong Kong Stock IPO, Jinyan Kaolin New Materials, was over 27% and reported at HK$9.3. The company was founded in 2012 and is a member enterprise of Huaibei Mining Group. It is a state-owned holding company. The actual controller is the Anhui Provincial State-owned Assets Administration Commission. The company focuses on the deep processing of coal-based kaolin, and has the capacity of the entire industry chain from mining, R&D, processing to sales.

The Hong Kong Stock IPO, Jinyan Kaolin New Materials, was over 27% and reported at HK$9.3. The company was founded in 2012 and is a member enterprise of Huaibei Mining Group. It is a state-owned holding company. The actual controller is the Anhui Provincial State-owned Assets Administration Commission. The company focuses on the deep processing of coal-based kaolin, and has the capacity of the entire industry chain from mining, R&D, processing to sales.