New Times Energy Corporation Limited is an investment holding company. The Company, along with its subsidiaries, is engaged in the trading of oil products and non-ferrous metals; the production and sale of iron concentrates, and exploration of crude oil. The principal activities of the Company are general trading and exploration of natural resources. The general trading segment includes trading of oil products, non-ferrous metal and frozen foods. The Company鈥檚 general trading activities are carried out in both Hong Kong and Mainland China. The exploration of natural resources segment is engaged in the exploration of crude oil in Argentina Republic (Argentina). The Company鈥檚 exploration of natural resources is carried out in Argentina.