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00976
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CHIHO-TIANDE GROUP LIMITED
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Profile
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Chairman
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Mr. Fang Ankong
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Directors
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Fang Ankong (Chairman & CEO & Executive Director)
Stephanus Maria van Ooijen (Executive Director)
Gu Liy (Executive Director)
Ralph Sytze Ybema (Non-Executive Director)
Zhang Jingdong (Independent Non-Executive Director)
Loke Yu (Independent Non-Executive Director)
Li Xikui (Independent Non-Executive Director)
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Secretary
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Ms. Yu Miu Cheung
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Address
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1410, 14/F., Shun Tak Centre West Tower, 168-200 Connaught Road, Central, Hong Kong
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Tel
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Fax
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URL
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http://www.chiho-tiande.com
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Business nature
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The Group's principal business comprises Mixed Metal Scrap recycling, reuse and processing which
involves breaking-down, demolition and separation of Mixed Metal Scrap such as motor scrap and
electric wire and cable scrap into their respective metal constituents, comprising mainly copper scrap, steel scrap, aluminium scrap and iron scrap, i.e., the Recycled Metal Products.
[IPO Information]
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Prospects
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The Group's expansion plans may be accelerated or decelerated in accordance to the actual rate of growth of its business, but based on the current intentions of its Directors they anticipate that this targeted processing capacity of 1.0 million tonnes is achievable in stages over the relevant five years periods with the initial addition of 120,000 tonnes in Ningbo by end of 2010, and the outstanding expansion of capacity spread over the next four years in different locations in China. They expect that approximately HK$6 million and HK$100 million will be invested in expanding the processing capacity in Ningbo and establishing processing facilities in other locations, respectively.
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Major shareholder
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HWH Holdings Limited
(37.50%)
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Stock Information Provided by Infocast Limited
[
Disclaimer
]