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May 2019: Its affiliated U.S. company successfully issued bonds worth 500 million US dollars.
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January 2018: Its affiliated U.S. company successfully issued bonds worth 700 million US dollars.
June 2018: The board of directors was reorganized to improve the company's governance structure.
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August 2017: The acquisition of Moss Creek oil and gas assets was completed, and the assets were consolidated into the financial statements of the listed parent company.
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July 6, 2016: The company was renamed Shandong Xinchao Energy Co., Ltd., with its stock abbreviation changed to "Xinchao Energy" and the stock code remaining unchanged.
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May 2015: Established Julang Energy Company, an operational management team for U.S. oil and gas assets.
November 2015: Completed the consolidation of Hoople Oilfield assets into the company's financial statements; initiated the share issuance for the acquisition of MossCreek Oilfield assets.
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November 2014: Acquired 100% equity interest in Zhejiang Benbao Industrial Investment Co., Ltd. by way of share issuance, and indirectly obtained oilfield assets located in the Permian Basin, Crosby County, Texas, USA.
2014: The company underwent strategic transformation, shifted its business focus to overseas oil and natural gas exploration, exploitation and sales, and divested its traditional assets.
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April 2004: Acquired a 99% equity stake in Yantai Dadi Real Estate Development Co., Ltd., and the company began to expand into the real estate business.
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1999: Established five branch companies, completed major adjustments to organizational structure and industrial structure, and formed a diversified business pattern focusing on textiles and cables, supplemented by casting, chemical industry and construction & installation.
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1998: Acquired a 75% equity stake in Yantai Xinmu Cable Co., Ltd.
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November 1996: Approved by the China Securities Regulatory Commission (CSRC), the company listed 14 million public shares on the Shanghai Stock Exchange, under the stock abbreviation "Xinchao Industrial" and the stock code "600777".
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