Sale of big CMR stake still ‘under way’

Feb 28, 2013 | 10:27 AM |

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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