On February 9, Shanghai Delong Steel Group Co., Ltd. established its wholly-funded subsidiary Dexin (Xiamen) Industrial Investment Group Co., Ltd. in Xiamen Free Trade Zone with a registered capital of 500 million yuan. The headquarters will be built into the management head office, logistic center, trade center, and settlement center of Dexin Group. As a pivotal project of Delong Group for overseas development, Dexin Group is a large-scale corporate group integrating iron & steel, coking production, logistics & transportation, import & export trades. According to Delong Group, the decision of locating the headquarters in Xiamen is based on the city's sound business environment, its geographical advantages in Southeast Asia, and its well-developed supply chain management.
