(Hong Kong, 28 June 2016) – Chiho-Tiande Group Limited (“Chiho-Tiande” or the “Group”) (Stock code: 976), a global leading mixed metal scrap recycler, has today announced that the Sellers (certain lenders comprising financial institutions, international debt providers and funds)which have granted certain loans and promissory notes (“Debt”) to Scholz Holding GmbH (“Scholz”), one of the biggest metal scrap recyclers in the world, have accepted the Binding Offer under a Debt Purchase Agreement at the initial purchase price of EUR236 million (equivalent to approximately HK$2.1 billion).The Debt Purchase Agreement has become effective after trading hours on 28 June 2016.
We are proud to announce that Chiho-Tiande (HK) Ltd has successfully obtained ISO 14001 accreditation for its environmental management system. ISO 14001 is the internationally recognized standard for environmental management. It provides a framework for organizations to identify and control their environmental impact and constantly improve their environmental performance in response to changing external and internal factors. Our registration is granted by third party assessors under the guidelines administered by ISO. Achieving ISO 14001 certification illustrates our ongoing commitment to adopting industry best practices to improve environmental performance.
In the morning of July 16th 2014, a delegation led by Liang Liming, Vice Governor of Zhejiang Province, accompanied by Taizhou Deputy Party Secretary & Mayor Zhang Bing, Deputy Mayor Zhao Yuejin, District Deputy Party Secretary & Head Xu Renbiao, District Deputy Heads Liang Miaofu and Li Zhenjie, visited the new base project construction of Taizhou Chiho-Tiande Metals Company Limited, a subsidiary of Chiho-Tiande Group Limited. Liang stated that, the development of metals recycling is beneficial for both the nation and the people; meanwhile, she put forward three requirements for Chiho-Tiande: First, give great importance to the investment in environmental protection, and enhance the investment in equipment & facilities; Second, increase patterns of economic development; Third, change modes of production & business operation.
（Infocast News）Chiho-Tiande Group (00976) has entered into an investment agreement with the Yantai Economic and Technological Development Zone Adminstration Committee for developing and operating an integrated processing facility for recycling, processing and sales of imported mixed metal scrap in the Yantai Resource Recycling and Processing Demonstration Zone in Yantai City,Shangdong Province.The project is expected to have an annual processing capacity of 500,000 tonnes.
[12 July 2010, Hong Kong] Chiho-Tiande Group Limited (“Chiho-Tiande” or the “Company”, together with its subsidiaries, the “Group”, stock code: 976), the largest importer of mixed metal scrap in the PRC, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”) today.
[27 June 2010, Hong Kong] Chiho-Tiande Group Limited (“Chiho-Tiande” or the “Company”, together with its subsidiaries, the “Group”), the largest importer of mixed metal scrap in the PRC, today announced its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited “SEHK”).