Jackin is diversifying into the mining business after acquiring a copper-gold mine, a gold mine and an iron-ore mine in December 2009.
Mark Duva, Global VP of Sales and Marketing at AFEX, said: “As a result of our recent expansion, AFEX will directly benefit by continued investment in R&D along with investment in growth. AFEX core strategy has been to offer high quality IP friendly cartridges with excellent service and solutions.
“Our holding company will continue to diversify and explore other potential acquisition opportunities.”
Last month, Jackin reported a loss of HK$278 million (£24.9 million) and a new company name, Guojin Resources Holdings Limited.
For the year ended 31 December 2009, it says it lost HK$276.1 million (£24.7 million) before tax and HK$82.8 million (£7.3 million) in gross profit.