Shanghai Xingye Resources Holdings (600603), a company involved in the real estate investment, property leasing, and commercial property management businesses, published its large-scale asset restructuring plan, reports yicai.com, citing a company filing.

The company plans to fully acquire a mining company in Xinjiang from controller shareholder, Dazhou Group.

Trading in the shares of Xingye Resources has been suspended since October 27 2011, and will remain suspended.

According to the filing, the target company mainly invests in, and produces zinc and copper. It also has a logistics business.

The company said in the filing that the controlling shareholder and related parties are actively engaging the government to finalize the terms of the asset restructuring plan.

Dazhou Group currently holds a 4.44 percent stake, or 8.64 million shares, in Xingye Resources and is its largest shareholder.

Dazhou Group mainly engages in the venture capital, fund management, and insurance businesses, with a foothold in the energy and minerals sectors.