Sale of big CMR stake still ‘under way’
Feb 28, 2013 | 10:27 AM
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Tags
China Metal Recycling,
CMR,
Jacky Chun,
Hong Kong Exchanges & Clearing,
China Energy Conservation and Environmental Protection Group,
Glaucus Research Group
SHANGHAI — The sale of China Metal Recycling (Holdings) Ltd. (CMR) shares by chairman and chief executive officer Jacky Chun to a Chinese state-owned group is still planned, even as trading of the scrap company’s shares remains suspended.
The Hong Kong-based company, which is disputing allegations from a U.S.-based investment research group, said the sale to China Energy Conservation and Environmental Protection Group was still "under way."....
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