Companies

China Metal Recycling eyes Shanghai listing by 2013-15

(Agencies)
Updated: 2010-06-28 10:51

HONG KONG: China Metal Recycling, the largest scrap-metal recycler in China, plans to list on the Shanghai stock exchange by as early as 2013, the South China Morning Post said on Monday.

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The company's plans were still at an initial stage, Chairman and Chief Executive Jacky Chun said at a media briefing, according to the paper. "We are looking for an A-share listing in three to five years' time."

The company established its China headquarters in the Shanghai stock exchange building last week in a move that was in line with its long-term mainland initial public offering (IPO) plan, Chun said.

China Metal raised HK$1.55 billion ($199.2 million) on the Hong Kong stock exchange last July, one of the largest IPOs in the city last year.