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ORGANIZATION AND PRINCIPAL ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2019
ORGANIZATION AND PRINCIPAL ACTIVITIES  
Summary of Subsidiary Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage

 

 

 

 

Domicile and Date

 

 

 

 

 

of

 

Principal

Name

    

of Incorporation

    

Paid-in Capital

    

Effective Ownership

    

Activities

 

 

 

 

 

 

 

 

 

 

 

Ossen Innovation Materials Group, Co., Ltd. (“Ossen Innovation Group”)

 

BVI April 30, 2010

 

USD

 

 —

 

100

%  

Investments holdings

 

 

 

 

 

 

 

 

 

 

 

Ossen Group (Asia) Co., Ltd. ("Ossen Asia")

 

BVI February 7, 2002

 

USD

 

 —

 

100

%  

Investments holdings

 

 

 

 

 

 

 

 

 

 

 

Topchina Development Group Ltd. ("Topchina")

 

BVI November 3, 2004

 

USD

 

 —

 

100

%  

Investments holdings

 

 

 

 

 

 

 

 

 

 

 

Ossen Innovation Materials Co., Ltd. ("Ossen Materials")

 

The PRC October 27, 2004

 

RMB

 

75,000,000

 

81

%  

Design, engineering, manufacture and sale  of customized prestressed steel materials

 

 

 

 

 

 

 

 

 

 

 

Ossen (Jiujiang) New Materials Co., Ltd. (Formerly Ossen (Jiujiang) Steel Wire & Cable Co., Ltd.) ("Ossen Jiujiang")

 

The PRC April 13, 2005

 

RMB

 

183,271,074

 

96.11

%  

Design, engineering, manufacture and sale  of customized prestressed steel materials