A global leader in metal recycling and environmental protection
Chiho-Tiande Completed the Debt Acquisition of Scholz Holding GmbHJuly 22,2016
Chiho-Tiande Group Limited (“Chiho-Tiande” or the “Group”) (Stock code: 976), a global leading mixed metal scrap recycler, is pleased to announce the completion of the acquisition of the rights and obligations under certain loan agreements and promissory notes of Scholz Holding GmbH (“Scholz Holding”), one of the biggest metal scrap recyclers in the world. The closing of the Debt Acquisition took place on 22 July 2016 (after trading hours), at the initial purchase price of EUR236 million (equivalent to approximately HK$2.1 billion) and part of the Closing Conditions Settlement Amount of approximately EUR4 million (equivalent to approximately HK$35.6 million). Through the Debt Acquisition, the Group become the largest debtholder of Scholz Holding, and will embark on a series of steps to prepare for the Potential Equity Acquisition in the near future.
Chiho-Tiande Restored its Public FloatJuly 19,2016
Since the minimum public float requirement under Rule 8.08(1)(a) of the Listing Rules is not satisfied, earlier on 15, February, 2016, the Company has made an application to the Stock Exchange for a temporary waiver from strict compliance with Rule 8.08(1)(a) of the Listing Rules for a period of three months which was granted by the Stock Exchange for a period from 15 February 2016 to 14 May 2016. The Company applied again later and the Stock Exchange granted an extension of the Waiver until 14 August 2016. The Company was informed yesterday that Good Union Hong Kong Investment Limited transferred a certain amount of shares to an independent third party. This independent third party and its ultimate beneficial owner(s) are third parties independent of the Company and its connected persons. After completion of this share transfer, the public float of the Company has been restored to at least 25% of the issued share capital of the Company in compliance with Rule 8.08(1)(a) of the Listing Rules.
Chiho-Tiande Announces the Acceptance of a Binding OfferJune 29,2016
(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.
Chiho-Tiande (HK) Ltd is now ISO 14001 CertifiedJuly 23,2014
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.
Liang Liming, Vice Governor of Zhejiang Province, paid a visit to the new base of Taizhou ChihoJuly 18,2014
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.
Chiho-Tiande (00976) to invest $780M for metal scrap bizAugust 12,2011
（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.
Chiho-Tiande Group Trading DebutJuly 12,2010
[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.
Proposed Listing on the Main Board of SEHKJune 27,2010
[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”).