Three China Metal directors resign as turmoil continues

Aug 16, 2013 | 04:47 PM | Sean Davidson

Tags  scrap metal, China Metal REcycling, CMR, fraud, resignations, Chun Chi Wai, Hong Kong's Security Exchange Commission, SEC Glaucus Research Group

NEW YORK — Three directors of an embattled Chinese recycling company have resigned in the aftermath of regulators seeking to liquidate the company on charges of fraud.

China Metal Recycling (Holdings) Ltd. said Aug. 15 that Leung Chong Shun, Chan Kam Hung and Fung Ka Lun resigned between Aug. 5 and 7, barely a week after Hong Kong’s Securities and Futures Commission (SFC)....

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