- Business
- Pizu Group Holdings Limited is an investment holding company principally engaged in the manufacture and sale of civil explosives and the provision of blasting operation and related services in the People's Republic of China and Tajikistan, as well as mining operations including the exploration, processing and sales of mineral products in the PRC. The Group's core products and services encompass emulsion explosives and ANFO explosives for applications in mine blasting, outdoor blasting, underground blasting, rock blasting and civil infrastructure construction; blasting services including borehole drilling, rock blasting, project design and consultation, explosives storage and transportation; and mineral concentrates such as sulphur, copper, iron ore and gold from its mining projects. It operates production facilities in Inner Mongolia and Tajikistan for explosives, with major customers comprising mining companies and blasting service providers, and conducts mining through subsidiaries including Anhui Jinding Mining Co., Ltd. for the Huangtun pyrite and copper-gold polymetallic project in Anhui province and Tibet Tianren Mining Company Limited for the Bangpu molybdenum-copper project in Tibet. Founded in 2003 as the successor to China Electric Power Technology Holdings Limited and renamed in 2012 following a change in actual controllers, the company is headquartered in Sheung Wan, Hong Kong, with its shares listed on the Hong Kong Stock Exchange's Main Board under stock code 9893 following a transfer from GEM (stock code 8053) on February 18, 2025. Recent developments include the April 2024 announcement of a proposed equity transfer reducing ownership in Pizu International Limited to 60%, ongoing preparations for resuming construction at the Tibet Tianren Project with environmental restoration, license renewals and pursuits of a RMB2 billion syndicated loan plus potential capital injection from Shudao Group expected in 2025 to support mine infrastructure and commercial production targeted for 2027, and the discontinuation of its bulk mineral trade business which generated no revenue in recent years.