[February 1 st , 2019 － Hong Kong] Chiho Environmental Group (“CEG”) is pleased to announce that it intends to form a joint venture (the “JV”), namely Heng Hup Metal – Chiho Recycling (Malaysia) Sdn. Bhd., with a member of the Heng Hup Group, a leading scrap ferrous metal trader in Malaysia, being Heng Hup Metal Sdn. Bhd. (“HHM”). It is intended that the primary focus of the JV is on motor scrap and other mixed metals scrap dismantling business.
[December 12 nd , 2018－Hong Kong] The Chamber of Hong Kong Listed Companies 16th Anniversary Celebration and 2018 Hong Kong Corporate Governance Excellence Awards Gala Dinner were held at Grand Hyatt Hong Kong on 12 December. Chiho Environmental Group Limited (“CEG” or the “Group”, stock code: 976.HK) was presented with “ 2018 Hong Kong Corporate Governance Excellence Award” in recognition of its excellent performance in corporate governance and its leading position in the industry. Mr. Wong Wun Lam, Chief Financial Officer of CEG, accepted the award on behalf of the company at the ceremony.
Chiho Environmental Group (“CEG”) is pleased to announce that we have entered into a Memorandum of Understanding (the “MOU”) with Suzuki Shokai Co., Limited (“SZK”), one of our long-term business partners, to form a Strategic Cooperation regarding the sales of aluminium ingots and other businesses for the Japanese market.
[25 October 2018, Hong Kong] The list of the “100 Outstanding Private Entrepreneurs for the 40th Anniversary of National Reform and Opening-Up” was announced by the All-China Federation of Industry and Commerce at a press conference on 24 October 2018. This list was compiled by the United Front Work Department of the Central Committee of the Communist Party of China and the All-China Federation of Industry and Commerce. Mr. Tu Jianhua, Executive Director and controlling shareholder of Chiho Environmental Group Limited, as well as Chairman of the Board of Directors of Loncin Group Co., Ltd, is a member of this prestigious award.
[August 27th, 2018－Hong Kong] Chiho Environmental Group Limited (the “Company” ; Stock Code: 976; together with its subsidiaries, the “Group”) is pleased to present the unaudited condensed consolidated results of the Group for the six months ended 30 June 2018 (the “Reporting Period” or the “period”).
[5 July 2018, Hong Kong] Chiho Environmental Group Limited (“CEG” or the “Group”; Stock Code: 976.HK) is pleased to announce that on 29 June 2018, the Company entered into a facility agreement with certain independent third party institutions for a syndicated term loan facility of up to US$300,000,000 for a term of two years for the refinancing of existing loans and working capital purposes.
Chiho Environmental Group Limited (“CEG” or the “Group”; Stock Code: 00976.HK) acquired Scholz, a metal recycling company based in Germany in 2016. Wong Wun Lam, the Chief Financial Officer hoped to expand the waste vehicle recycling market in China by introducing Scholz’s experience gained in the European and U.S. market and its technology in the future.
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 the Licence to Dispose of Waste from Hong Kong Environmental Protection Department since April 9, 2018, making it become the first institution to obtain this licence in the private operation market.
[March 29th, 2018－Hong Kong] Chiho Environmental Group Limited (the “Company” ; Stock Code: 976; together with its subsidiaries, the “Group”) is pleased to announce the audited consolidated financial results for the year ended 31 December 2017 (the “Reporting Period” or the “period”).
Chiho Environmental Group Limited (“CEG” or the “Group”; Stock Code: 976.HK) is pleased to announce that Dr. Klaus Hauschulte (“Dr. Hauschulte”) has been appointed as the Chief Executive Officer (“CEO”) of an indirectly wholly-owned subsidiary of the Company, Scholz Recycling GmbH (“SRG”, together with its subsidiaries, the “Scholz Group”) with effect from 1 February 2018 Central European Time. He will report to Mr. Qin Yongming (“Mr. Qin”), the Chairman of the Board and CEO of the Group.