News blog

Zibao Metals Recycling Holdings

• BY: Andrew Hore |
• POSTED: 22/06/2014 |

Hong Kong-based metals recycler Zibao Metals Recycling Holdings got off to a positive start on the first day of dealings.

The share price rose 1p to 9p, which values Zibao at £8.75m. Zibao raised £1.3m at the 8p placing price.

Copper is the main metal handled with aluminium making up the rest of the business. The company has stopped taking positions in the metals it trades. In the year to March 2013, profit was HK$14.7m on revenues of HK$436m.

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