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The 17th International Secondary Nonferrous Metals Conference and Exhibition, also known as 2017 CMRA Annual Convention, was successfully held at Shangri-La Hotel in Ningbo, China from 7 to 9 November 2017. Chiho Environmental Group Limited (“CEG” or the “Group”; Stock Code: 976.HK) participated in the event, and hosted a dinner party gathering its suppliers and customers together to discuss on the future development of the Group.

convention-booth Read more

The 17th International Secondary Nonferrous Metals Conference and Exhibition, also known as 2017 CMRA Annual Convention, was successfully held at Shangri-La Hotel in Ningbo, China from 7 to 9 November 2017. Chiho Environmental Group Limited (“CEG” or the “Group”; Stock Code: 976.HK) participated in the event, and hosted a dinner party gathering its suppliers and customers together to discuss on the future development of the Group.

convention-booth

CMRA Annual Convention is a platform established in 2000 by China Nonferrous Metals Industry Association (CMRA) and undertaken by its Recycling Metal Branch. The convention gathers elite of the industry from home and abroad to discuss hot topics and difficulties in the development of the nonferrous metals recycling industry. It promotes coordinated development of the industrial chain, and strives to create the most effective annual event for the global metals recycling industry. This year, with the subject of “Change and Breakthrough”, the convention aims to discuss the change and breakthrough of the metals recycling industry and seek new growth areas under the policy reform of solid waste importation as well as new environmental protection policies.

On 7 November, Chiho Environmental Group hosted a special dinner party at Shangri-La Hotel in Ningbo, inviting its suppliers and customers to discuss the Group’s business and future development. Mr. Qin Yongming, Chairman, Executive Director, and Chief Executive Officer of the Group, Mr. Peter Wong, Executive Director, and Chief Financial Officer, Mr. Mike Greulich, Chief Trading Officer, along with other management members attended the dinner.

Mr. Qin Yongming, Chairman, Executive Director, and Chief Executive Officer of the Group, is making a speech at the dinner.
Mr. Qin Yongming, Chairman, Executive Director, and Chief Executive Officer of the Group, is making a speech at the dinner.

At the dinner, Mr. Qin Yongming introduced the management team, development strategy and future business model of the Group. He said, Chiho Environmental Group will seek to become a leader in metal recycling and environmental protection in the future by continuously capitalizing on the Group’s strength, excavating client resources, and promoting synergies among all units..

On 7 November 2017, Chiho Environmental Group Limited (“CEG” or the “Group”; Stock Code: 976.HK) is pleased to announce its factory in Yuen Long, Hong Kong, which is dedicated to waste electrical and electronic equipment (WEEE) processing, has obtained Permit for Export of Waste Printed Circuit Boards from Hong Kong Environmental Protection Department (EPD). This is only one month after the factory obtained the Licence to Dispose of Chemical Waste from EPD. CEG has become one of the few licensed recyclers in Hong Kong to dispose of and export chemical waste.

CEG is mainly engaged in collection, dismantling, sorting and processing of mixed metal scraps and other recycling resources. The Group has strong footprint and well established operations all over the world to deal with different waste resources. In Yuen Long Industrial Estate in Hong Kong, the Group operates a 240,000 square feet industrial site providing WEEE recycling and data destruction services, which is one of the leading integrated electrical and electronic waste recycling centers in Hong Kong.

The permit for export of waste printed circuit boards allows the Group to export goods directly to Japan, which is a strong boost for the Group’s overseas purchase and new customer development. In the future, CEG will make efforts in obtaining more permits for export to different countries and regions, promoting the development of its business.

On 7 November 2017, Loncin Motor Company Limited (“Loncin Motor” or the “Company”, stock code: 603766.SH) of Loncin Group, which is the largest shareholder of Chiho Environmental Group Limited (“CEG” or the “Group”, stock code: 976.HK) is pleased to announce that BMW C400X High-emission Scooter produced by Loncin Motor and BMW F750GS and F850GS High-emission Scooter with 850cc double-cylinder engine under the brand of Loncin Motor were officially released at the 75th EICMA in Milan, Italy, which marked a successful completion of two projects between Loncin Motor and BMW.

President of BMW Motorrad held a grand promotion of BMW’s new scooter C400X produced by Loncin Motor
President of BMW Motorrad held a grand promotion of BMW’s new scooter C400X produced by Loncin Motor

On 12 March 2015, Loncin Motor and BMW entered into a d high-emission scooters, pursuant to which, the Company would undertake the manufacturing of the 350cc high-emission hydro-cooling scooters (including finished automobiles and engines) and related matters according to the technological information provided by BMW.

As noted, this brand new high-emission scooter under Europe-IV standard mainly caters to urban families’ leisure needs, focusing on the global market of BMW (including the China market). The company expects the annual capacity after mass production would reach approximately 15,000 units.

The spokesperson of Loncin Motor remarked that the release of BMW scooters represents an enhanced co-operation between Loncin Motor and BMW, achieving the co-operation from providing high-emission engines only to finished automobiles, which further consolidates and promotes the Company’s leading position in the industry.

 

The 12th Eco Expo Asia is held from 26-29 October at the Asia World-Expo. Organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd, and co-organised by the Environment Bureau of the Hong Kong Special Administrative Region (HKSAR) Government, the expo will feature nearly 340 exhibitors from 19 countries and regions. Together, they will showcase an array of green products and solutions from around the world. Read more

The 12th Eco Expo Asia is held from 26-29 October at the Asia World-Expo. Organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd, and co-organised by the Environment Bureau of the Hong Kong Special Administrative Region (HKSAR) Government, the expo will feature nearly 340 exhibitors from 19 countries and regions. Together, they will showcase an array of green products and solutions from around the world.

As a global leader in the metal recycling and environmental protection industry, Chiho Environmental Group Limited (“CHIHO ENV”, Stock Code: 976.HK) is one of the important exhibitors of Eco Expo Asia. We showcase our cutting-edge environmental protection technologies, solutions and products at the expo and focus on our high-tech electronic waste recycling factory located in Yuen Long, Hong Kong.

309414883Mr. Elvis AU, JP (Right), Ag. Deputy Director and Mr. Wong Hon-meng (Left), Assistant Director of Environmental Protection Department talked to Mr. Kwok Chun Sing (Middle), Director of CHIHO ENV WEEE business,  praising us as the first company obtained  the license of chemical waste disposal in Hong Kong.

79104738Mr. Guo Jin-sheng (right), general manager of the eco-friendly waste disposal business from Chiho Environmental Group Limited , received a media interview showing Yuen Long’s automated waste recycling base and sharing the prospects for the waste recycling industry.

Original Link : Chiho Environmental Group Participated in Eco Expo Asia as part of its commitment to Environmental Protection

We sincerely invite you to visit the booth of Chiho Environmental Group Limited on Eco Expo Asia 2017. With this opportunity, we hope you can learn more about high-tech electronic E-waste recycling technology and look forward to discussiing environmental issues of concern and the future development opportunities of CHIHO ENV with you.

For Visitor:

 

Venue: Hall 3 & 6, Asia World-Expo, Hong Kong
Opening hours:  26 Oct 2017 (Thu)

For buyers

10:30am – 6pm
 27-28 Oct 2017 (Fri – Sat)

For buyers

10am – 6pm
 29 Oct 2017 (Sun)

For public

10am – 5pm

Should you have any enquiries, please feel free to contact Fay Zhang by (852) 3622 5141 or John Chong by (852) 9216 8090.

On September 19th, the Deputy Director of the Hong Kong Environmental Protection Department (EPD), Mr. Elvis Au, and other EPD officers visited Chiho Environmental Group’s (CEG) Hong Kong recycling facility to learn about the facility’s new electronic waste processing capabilities. Read more

On September 19th, the Deputy Director of the Hong Kong Environmental Protection Department (EPD), Mr. Elvis Au, and other EPD officers visited Chiho Environmental Group’s (CEG) Hong Kong recycling facility to learn about the facility’s new electronic waste processing capabilities.

The General Manager of Chiho Hong Kong, Mr Kwok Chun Sing introduced the EPD delegation to the newly installed state-of-the-art equipment which utilizes both manual and automated processing for the sustainable recycling of electronic wastes. With the upgraded capabilities, Chiho Hong Kong will not only be able to recycle a higher volume of scrap materials but also a larger range of electronic equipment.

Mr. Kwok and the EPD delegation also discussed about the future of electronic waste recycling in Hong Kong and expressed hope that CEG’s Hong Kong facility can better serve the needs of the city.

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(The following English is a translation. Please click “Read More” to see the original Link)

(July 2017) RECYCLING magazine

Special Edition metal recycling

Q&A interview with CEO Henry Qin, Chiho-Tiande Group

Operative in good shape

At beginning of the year Chiho-Tiande Group took over Scholz Recycling Group. RECYCLING magazine talked to CTG-CEO Henry Qin about current situation of the company and the planned future developments.

1. You have bought Scholz Recycling at the beginning of the year. What is your first conclusion after a few months?

HQ: The industry has been in a decline for many years, margins are compressed and many industry peers are struggling. This market decline has created an opportunity for consolidation. When we acquired Scholz Recylcing, we made a deep analysis. Admittedly, the company was affected by the poor markets in the past years; but we think most of the poor performance can be attributed to the poor business strategy during the good years, aggressive expansion through over leveraging and poor top management. There are good operational managers who have been holding the operations together. We realize the most valuable assets are the employees, with accumulated know-how and rich experiences in the sector and most importantly – credibility. Most of the yards are operated in a professional way. We have a well mix of assets across Europe, especially in the industrial countries of Germany, Austria, Czech Republic and Denmark. On the back of these, together with a market rebound end of last year, we had a recovery in our financial results in Q1 2017. Read more

(The following English is a translation. Please see the original in this Link)

(July 2017) RECYCLING magazine

Special Edition metal recycling

Q&A interview with CEO Henry Qin, Chiho-Tiande Group

Operative in good shape

At beginning of the year Chiho-Tiande Group took over Scholz Recycling Group. RECYCLING magazine talked to CTG-CEO Henry Qin about current situation of the company and the planned future developments.

1. You have bought Scholz Recycling at the beginning of the year. What is your first conclusion after a few months?

HQ: The industry has been in a decline for many years, margins are compressed and many industry peers are struggling. This market decline has created an opportunity for consolidation. When we acquired Scholz Recylcing, we made a deep analysis.  Admittedly, the company was affected by the poor markets in the past years; but we think most of the poor performance can be attributed to the poor business strategy during the good years, aggressive expansion through over leveraging and poor top management. There are good operational managers who have been holding the operations together. We realize the most valuable assets are the employees, with accumulated know-how and rich experiences in the sector and most importantly – credibility. Most of the yards are operated in a professional way.  We have a well mix of assets across Europe, especially in the industrial countries of Germany, Austria, Czech Republic and Denmark. On the back of these, together with a market rebound end of last year, we had a recovery in our financial results in Q1 2017.

2. What are your next plans with Scholz Recycling?

HQ: We will have some further restructuring measures to strengthen management and organization efficiency.  Our aim is to be a world leader in the recycling business.

Despite the exciting first quarter results, the management are cautiously optimistic about the future, as there are still many uncertainties in the global market. For the sake of the thousands of employees and their families, and our shareholders, we have to make it a success. We have got strong support from shareholder, allowing us to restructure our financials and deleverage, putting us back on the growth track. We will stabilize our business, pick-up and regain lost volume and customers, and rebuild ourselves.

We attach much importance to the fusion of culture between CTG and Scholz. Shareholder’s philosophy is very clear and consistent; we aim to be a multinational, multicultural company, on the other hand we very much empower local wisdom, we call it glocally. Since the acquisition, CTG has sent only very few people into Scholz, less than 5 people in this more than 5000 FTE organization, we have established a new corporate governance policy that has since then been enforced, and delegate and empower the local managers to manage the business based on this policy; on top of that we have also established commonly agreed performance targets to motivate employees. We have also emphasized a lot on internal communication between management and employees, investing in establishing internal communication and feedback channels.

Last but not least, we see a lot of opportunities of synergy among our networks in Greater China, EU and North America; we see this as not just a simple 1 plus 1 equals to 2, but larger than 2. In fact, we are already seeing some of these synergies taking effect through trading and the people of the three-continent sharing knowledge and market intelligence.

3. You have brought Scholz back on track very quickly – what is the secret of this success?

HQ: Firstly the market helps us a lot, but an Old Chinese saying, the harder you devoted, the more luckiness it will be with you. Last year while we are in the midst of the acquisition, we are expecting a bottoming out market, but the rebound is indeed sooner than we expected.

Secondly as aforementioned; Scholz Group on the operational wise, the employees, yards are in good shape. The weak balance sheet in the past reduced the amount of business that can be done, but since CTG took over, we have injected liquidity back into Scholz, and this has help it regain business; the media has been focusing on the negative side of the past, but seems to overlook the hardworking employees that are trying hard to revive the company, not only to make a livelihood, but to accomplish something. One of the key reasons behind the quick turnaround is the employees. For the last few years while the company is not doing well, we lost some employees or have to let go some employees. Many of those who stayed has been with the company for many years and have an attachment to the company. Been suppressed by the conditions of the past few years, these men and women now want to get back into the market and fight back. They have the commitment, the will and the capabilities, we just gave them the ammunitions.

Thirdly, upon the completion of the acquisition, our first priority is to restore the motivation of our employees. Back then, many people were concerned if they will have a job and a paycheck, will they be acquired by the US privately equity fund which usually means cost cutting and layoffs, or will the company go bust and everyone will have to try and look for a job. CTG spent a lot of time and efforts to communicate the new strategy, motivating the people to bring their attentions and devotion back to their work on hands. We organized several town hall meetings in Essingen and in Leipzig, and also some other smaller sessions. I think employees’ mindset change contribute a large part to our achieved results in Q1.

4. What is your evaluation of the current metal recycling market in general?

HQ: The demand of steel and non-ferrous are still relatively weak. Although we see a substantial rebound since end of last year, will this market rebound sustain? The German scrap market in particular is faced with intense competition. We should not let our guards down.

5. How do you explain a high interest of Chinese investors in German companies?

HQ: first of all, I think Chinese investors’ interest is not only in Germany, but across other parts of the globe as well. It’s not difficult to understand why. For many years faced with double digits growth rate back home, Chinese businesses are focus on making money domestically. As the government restructure the economy, cool down the hot economy for a more sustainable growth structure, taking out over capacity and steer towards a service and consumption led growth, many Chinese businesses need to adapt to this new growth model. Some need to gain knowhow, brand names, management expertise, products for them to serve the changing Chinese markets, while others probably wanted to bring their products to the rest of the world, and others maybe to better deploy capital to areas earning a higher yield.

Secondly, Germany and UK are the leading economies in Europe. With UK currently under BREXIT and much politically and economic uncertainty, stable regime like Germany will be the preferred choice of investment.

China has gone through more than 30 years of market reforms since the early 1980s; and economically, politically and socially China has been more integrated into the global system. Many of the FORTUNE 500 companies more had a large part of their revenue from their Chinese units, and there are also more and more Chinese companies joining the ranks of these giants. The Chinese companies’ globalization efforts have shifted from mainly trading previously to technology and investment returns driven, driving Chinese companies to go global in search for talents.

EU is a long-time trading partner of China, and Germany been the largest trading partner in EU with China. Germany is also the 2nd largest economy trading with China in terms of trading volume, after Japan. German brands are popular and well recognized in China. The Chinese are hard-working people, like the Germans. Chinese also respect the Germans’ commitment to quality and precisions.

Chinese manufacturing has been undergoing some reforms and upgrading in recent years. With an aging population, China is losing its cost advantage in labor intensive sectors. However, with the last few decades of high growth, Chinese manufacturing has accumulated know-how and capital to grow. More companies realize the importance of R&D and are increasing spending to improve products and upgrading towards high-end precision engineering. The Chinese companies can learn how to manage the quality control technical know-how and management skills, not only from the Germans, but also the Japanese, French, Americans etc..

Chinese investments bring to Germany also many benefits. Some of these German companies are financially unhealthy or near insolvency, maybe due to mismanagement or market conditions, and thousands of jobs may be lost, such as in the case of Scholz. The investment in Scholz by CTG not only brings in capital, but also a huge market in the East.   In addition, there are many common traits between Germany people and Chinese people which make the success easier, such as large amount of well-educated and experienced employees and engineers; working hard; resilience and easy going.

6. What are the differences between the German and the Chinese market from your point of view?

HQ: The German market are more structured due to decades of regulations. Domestic growth is limited. The Chinese market, while slowing, still offer much room for growth. This is due to the fact that only half of the country’s population lived in the cities. The rural population is still well over 600 million, and this gradual urbanization and the common goal of humanity for better living standards will continue to drive growth.

7. Are you planning more acquisitions of German waste management or recycling companies?)

HQ: Scholz is a big player in Germany and the European recycling market. While we strengthen our cores, we will continue to look out for growth opportunities. However, we will be selective and rational about acquisitions. Any add on acquisitions should be accretive to our current business.

8.  You are working for a global company. Does recycling need more international cooperation, especially on a government level?

HQ: Recycling is not just a business, it serves the common good of all mankind and our future generations. As the global population expands, there is increasing pressure on the environment. Recycling more will help to lessen our environmental footprint, reducing our reliance on the mining of natural resources and fossil fuels and non-renewable resources. This cannot be achieved by one country. The cooperation of various governments will enhance our efforts to save our planet. We are happy to see that global warming and carbon emission reduction have gained much more attention globally, almost all big powers are in (except US which has recently opt out), and achieved many common agreements and have taken concrete measures.

9. Where do you see Scholz Recycling in one year from now?

HQ: We are on the right track to recover, and to further grow. Many say in this sector we all entirely relying on the market. I do not think so. We need to establish a business model that is sustainable, whether the market goes up or down. We have vision set forward: to be one of the leading company in the world recycling business. We have the right platform and the people to achieve the goal. I said Scholz’s difficulties in the past years are brought by the flawed business strategy. What we need to do and has been doing is to restore the confidence of our customers and suppliers, motivate our employees, make the right management decisions; provide funding and resources needed for traders to do the trading, empower local team to do their best. Therefore to answer the question, I believe we are rebuilding a Scholz with stronger inner capability, as the preferred business partners of our customers and suppliers, preferred employer and family of our employees, and an active and responsible corporate civilian to the community.

“We want to be a world leader in the recycling business”

“Our employees want to get back into the market and fight back”

“There are many common traits between Germany and Chinese people”

Source Link : http://www.recyclingtodayglobal.com/article/chiho-tiande-scholz-metal-recycling-hong-kong-germany/

Hong Kong-based Chiho-Tiande has emerged as a multinational, large-volume scrap recycler thanks to its acquisition of Scholz AG’s European assets.

When Chiho-Tiande CEO Qin Yongming spoke as a panelist at a November 2016 scrap recycling conference, he said he was aware the Hong Kong-based firm’s recent takeover of Germany-based Scholz AG had the appearance of “a snake trying to swallow an elephant,” with Scholz having a sales volume roughly 10 times that of Chiho-Tiande.

Subsequently, Qin and the leadership team at Chiho-Tiande have been managing the process of integrating the extensive Scholz network of European scrap facilities and trading offices with the firm’s Hong Kong and China-based operations.

The company’s Chief Investment Officer Goh Kian Guan says the combined group now “includes more than 300 processing facilities [with] a total of more than 7,000 employees.” Read more

Source Link : http://www.recyclingtodayglobal.com/article/chiho-tiande-scholz-metal-recycling-hong-kong-germany/

Hong Kong-based Chiho-Tiande has emerged as a multinational, large-volume scrap recycler thanks to its acquisition of Scholz AG’s European assets.

When Chiho-Tiande CEO Qin Yongming spoke as a panelist at a November 2016 scrap recycling conference, he said he was aware the Hong Kong-based firm’s recent takeover of Germany-based Scholz AG had the appearance of “a snake trying to swallow an elephant,” with Scholz having a sales volume roughly 10 times that of Chiho-Tiande.

Subsequently, Qin and the leadership team at Chiho-Tiande have been managing the process of integrating the extensive Scholz network of European scrap facilities and trading offices with the firm’s Hong Kong and China-based operations.

The company’s Chief Investment Officer Goh Kian Guan says the combined group now “includes more than 300 processing facilities [with] a total of more than 7,000 employees.”

SPANNING THE GLOBE

Chiho-Tiande’s origins involve connecting European and Asian scrap markets, as the word “Chiho” was created when the firm was founded in 1995 to denote a trading link between China and Holland.

Initially, says Goh, the firm was “mainly engaged in imports of scrap metal and motors, and thus processing motors into recycled metal products was our main business.” The company operated from a site in Hong Kong’s New Territories.

In 2000, says Goh, the company set up a site in the city of Taizhou in China’s Zhejiang Province to expand its operational capabilities.

Chiho-Tiande became publicly listed on the Hong Kong Stock Exchange in 2010, and from 2012 to 2015 one of its major shareholders was Australia and United States-based Sims Metal Management. The company’s ownership situation changed in the spring of 2015, says Goh, when it “issued 456.9 million new shares to USUM Investment Group (Hong Kong) Limited to raise funds of $530 million.”

Goh adds, “USUM Investment Group has also become the controlling shareholder of the group.” The USUM website notes that the firm was “initiated by [the] Chongqing Municipal Government and [the] Chongqing Federation of Industry and Commerce.”

The $530 million investment was driven by Tu Jianhua, a financier based in Chongqing, China, who serves as the board chairman of USUM Investment Group.

“I was born poor and grew up in the mountains of Chongqing,” Tu says. “In order to make a living, I left my home early and started my business.”

Tu says he is grateful for the economic reform that coincided with his business formation activities, which started in 1983. “China’s early reform and opening up created the opportunity if I was willing to work hard. I made a pot of gold through the steel trade, and gradually developed my career,” he says.

Tu continues, “In the next two to three decades, my career gradually developed and covered high-end industrial manufacturing, finance, construction and real estate, the environmental protection industry and car sales and service.”

As USUM has grown, Tu says so too has his responsibility to make the right investments. “The reason that leads me to this stage is the desire to make a successful career, and a sense of responsibility for tens of thousands of people who depend on our success–my employees and their families.”

The Scholz acquisition may have involved risk in the form of taking over a large company in one bite, but Tu and Goh say there also is a risk mitigation factor to the strategy.

“One of the purposes of the acquisition of Scholz is to take into account the layout of global trade,” Goh says. “Through the global layout, we can lessen the impact when a single country or regional economic development cyclical fluctuation occurs.”

Chiho-Tiande has made moves to diversify geographically beyond the Scholz acquisition, says Goh, noting that in 2015 the firm entered into a joint venture with Itochu Corp., whom Goh calls “the largest metal recycler in Hokkaido, Japan.”

Likewise, the company has diversified well beyond is initial focus on motor recycling, and now processes and trades the full range of ferrous and nonferrous metals. The includes the operation of auto shredders, an electronic scrap processing facility and the operation of a furnace to produce aluminium alloy ingots.

Patrick Zhu, the company’s vice president and chief operating officer, says the infusion of capital and the series of acquisitions and joint venture projects has created a vastly different company from what Chiho-Tiande was just two years prior.

As of mid-2017, the Hong Kong-based firm is well positioned geographically and operationally to take advantage of scrap recycling opportunities as they emerge, the company’s leaders say.

THE WIDER ENVIRONMENT

With a global network of scrap facilities in place, the management team at Chiho-Tiande now finds itself engaged in a trading environment that presents challenges along with the opportunities.

Goh cites protectionism as one such challenge. “Macroeconomic downturns breed protectionism, and the phenomenon of protectionism has been rising in many of the world’s major countries,” he states. The acquisition of Scholz, along with the Japanese joint venture, “help us avoid some of the risks entailed by the implementation of trade barriers in Europe or the United States.”

On the regulatory side, Goh says ultimately recycling should benefit from a global “attitude and position around the world” whereby “everyone wants to leave a blue sky for future generations, clean water and no contaminated soil. Increasing resource recycling will be able to effectively reduce the demand for primary minerals and avoid the environmental damage caused by [mining] minerals.”

Goh says the scrap recycling industry must continue to spread the message that it creates positive impacts on the environment. “I prefer to use the word recycling industry, rather than the word waste recycling industry,” he comments. “The literal difference between the two words is that one represents the status quo while the other points toward a better future.”

With popular sentiment favoring a cleaner environment, and with the right message, Goh says the scrap recycling industry can receive a boost in momentum. “I am for the cause of environmental protection,” he states.

Tu says environmental protection helped to motivate him to make his major investment into the scrap recycling industry. “China has undergone a period of rapid development and industrialization,” he comments. “This stage of Chinese development has caused serious damage to the environment, which needs to be resolved as soon as possible. Recycling can reduce the demand for raw minerals and fossil fuels, and have a positive effect on our ecology and the environment.”

Both Tu and Goh say there is ample opportunity for China’s domestic recycling industry to grow. “As people’s living standards improve, it also means that people’s demands for better living conditions are also increasing, such as the quality of the air, the quality of drinking water, the cleanliness of the environment, and the handling of waste,” Tu says. “Recycling is thus naturally a very good investment object.”

Goh says, “China’s domestic waste and recycling system is not perfect. There are many self-employed, non-compliant firms handling materials. The result is that secondary pollution and tax evasion occur frequently.” Additionally, he says “Some laws and regulations are out of date, making a legitimate recycling business difficult to operate.”

Despite the challenges, Chiho-Tiande’s leaders say there are many reasons to look forward to the future.

“The market has provided the opportunity to grow, and what we need to do is to seize this opportunity for development, planning, layout and implementation of our established development direction,” states Goh.

“We have more than 20 years of experience in the scrap recycling industry, continually improving our technology for handling materials and developing the facilities used to recycle scrap metal while carefully adjusting our use of manpower and technology to create the most efficient and maximum revenue stream,” he continues.

As the snake continues to swallow the elephant, to use Qin’s metaphor, Goh says Chiho-Tiande’s task will be to “enhance our management level toward becoming one the world’s largest and leading renewable companies going forward.”

Goh concludes, “After the acquisition of Scholz, we have been busy further integrating. It’s a process of digestion, but also finding synergies. The future will continue to be about integration that serves our customers and quite likely even further broadens our product range.”

[證券日報網▪中國資本證券網訊] 12月16日,齊合天地集團有限公司( “齊合天地”或“齊合” )(00976.HK)發佈公告稱,其以1歐元(約8.9港元)收購德國Scholz集團全部股本的交易之“所有完成條件已獲達成及建議收購根據股份購買協定的條款及條件”均已完成。

自12月16日起,“Scholz Holding已成為齊合天地的間接全資附屬公司”。此次收購完成後,齊合天地將躋身全球最大廢金屬回收商之列。 Read more

[證券日報網▪中國資本證券網訊] 12月16日,齊合天地集團有限公司( “齊合天地”或“齊合” )(00976.HK)發佈公告稱,其以1歐元(約8.9港元)收購德國Scholz集團全部股本的交易之“所有完成條件已獲達成及建議收購根據股份購買協定的條款及條件”均已完成。

自12月16日起,“Scholz Holding已成為齊合天地的間接全資附屬公司”。此次收購完成後,齊合天地將躋身全球最大廢金屬回收商之列。

以債換股“智取”德國Scholz

據此前公告,為完成此次收購,齊合天地先是以2.36億歐元(約21億港元)買入Scholz的5.24億歐元(約46.6億港元)債務,成為Scholz最大的債務持有人,然後通過以債換股的方式成為控股股東。

在此期間,齊合先後取得奧地利、德國、波蘭、土耳其、斯洛維尼亞、塞爾維亞、以及波士尼亞及黑塞哥維那等七個國家相關監管機構的合併控制批准。

公開資料顯示,被齊合天地收購的德國Scholz集團成立於1872年,是德國一家從事廢金屬處理及加工業務的老牌企業,能提供再生金屬及廢舊金屬處理的所有工序,已形成從物料收集、集中、分類及加工至銷售、使用到再迴圈的一站式體系。

收購完成後,通過利用Scholz集團強大的國際網路及過硬的技術能力,齊合天地不僅能獲得來自歐美市場穩定、廉價的上游材料供應以降低其業務成本,亦可獲得全球領先的廢舊汽車拆解及加工技術,並利用Scholz集團在國際市場廣泛的客戶群進一步擴大其自身客戶群體。

中國最大混合廢金屬再生商盈利能力再上台階

據悉,齊合天地為國內領先的混合金屬再生企業,主要從事混合廢金屬回收、拆解加工處理及資源迴圈再利用,其主營業務包括金屬再生業務、鑄造業務及汽車拆解業務。

按環保部門批准的混合廢金屬進口總量與混合廢金屬實際進口量計算,齊合天地是中國最大的混合廢金屬再生商,也是從事混合廢金屬進口、迴圈再用及加工的最大進口商。目前,公司由重慶渝商集團間接控股。

齊合天地董事長涂建華向《證券日報》記者表示,收購Scholz集團將為齊合天地帶來業務協同效應,優化齊合現有的回收業務,提升競爭優勢,並提高盈利,有助於將齊合天地打造成為全球領先的混合金屬再生企業。

據wind資訊資料顯示,深港通開通前11個交易日,齊合天地平均日成交額554.91萬元,深港通開通後11個交易日,其日成交額小幅增至685萬元。

[09 November 2016, Hong Kong] Chiho-Tiande (00976) announces that, referring to its proposed acquisition of the entire share capital in Scholz Holding GmbH, the Company has obtained the merger control clearance from the Council of Competition of Bosnia and Herzegovina and all relevant merger control clearances for the proposed acquisition have been obtained from the relevant regulatory authorities.

[25 October 2016, Hong Kong] Chiho-Tiande (00976.HK) announces that with effect from 24 October 2016, Mr. Zhang Jun resigned as CEO and Executive Director and ceased to be a member of the Executive Committee and Strategy and Investment Committee of the Company; Ms. Zhang Jingdong resigned as an Independent Non-executvie Director and ceased to be a member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the company. Mr. Zhang resigned due to his desire to devote more time on his personal endeavors and Ms. Zhang resigned as she will retire. Each of them has confirmed that he/she has no disagreement with the Board and there are no matters with regard to his/her resignation which need to be brought to the attention of the shareholders of the Company or the Stock Exchange.

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[25 October 2016, Hong Kong] Chiho-Tiande (00976.HK) announces that with effect from 24 October 2016, Mr. Zhang Jun resigned as CEO and Executive Director and ceased to be a member of the Executive Committee and Strategy and Investment Committee of the Company; Ms. Zhang Jingdong resigned as an Independent Non-executvie Director and ceased to be a member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the company. Mr. Zhang resigned due to his desire to devote more time on his personal endeavors and Ms. Zhang resigned as she will retire. Each of them has confirmed that he/she has no disagreement with the Board and there are no matters with regard to his/her resignation which need to be brought to the attention of the shareholders of the Company or the Stock Exchange.

 

At the same time, Mr. Qin Yongming, the Executive Director, ceased to be Executive Vice President (“EVP”) and has been re-designed as Chief Executive Officer; Mr. Liu Huaiyu has been appointed as EVP, Executive Director, member of the Executive Committed and the Strategy and Investment Committee of the Company, Company Secretary, Authorised Representative and Process Agent.