China Metal Recycling

China Metal Recycling
China Metal Recycling (Holdings) Limited
中国再生金属资源(控股)有限公司
Type Privately-owned company
Industry Recycling industry
Founded 2000
Headquarters Guangzhou, Guangdong, People's Republic of China
Area served People's Republic of China
Key people Chairman: Mr. Chun Chi-wai
Website China Metal Recycling (Holdings) Limited

China Metal Recycling (Holdings) Limited (SEHK: 773) is the largest recycler of scrap metal in Mainland China by revenue.[1] Based in Guangzhou, Guangdong, it is mainly engaged in collecting scrap steel, scrap copper and other scrap metals and processing them using equipment to produce recycled scrap metals for its customers.[2] Its recycling facilities are located in Guangdong, Jiangsu and Hong Kong.[3]

History

The company was established in 2000. The company was listed on the Hong Kong Stock Exchange in June 2009 with the IPO price of HK$5.15 per share.[4] Its stock price was closed at HK$6.44 at the first trading day, 24% higher than its IPO price.[5] On 17 November 2009, its price price suddenly plunged 24%, the most since listing, as its Chief Financial Officer, Wong Hok-leung, resigned after saying he was denied information.[6]

Reference

  1. ^ China Metal Recycling Seeks $200 Million H.K. IPO
  2. ^ China Metal Recycling Holdings Limited
  3. ^ China Metal Recycling (Holdings) Ltd
  4. ^ China Metal Recycling prices IPO at the top
  5. ^ China Metal Recycling jumps 24% in Hong Kong debut
  6. ^ China Metal Recycling Plunges as CFO Wong Resigns

External links

v · d · eChina Metal companies of China
Industry of China • Energy in China
Category Metal companies of China

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