11th Mar 2015 13:14
11 March 2015
Zibao Metals Recycling Holdings plc
("Zibao" or the "Company")
Application of Issuing New Shares
Further to the announcement of the completion acquisition of Zhengbao, a non-ferrous metal processing and stockholding yard based in Nanhai, in the Foshan Province of the PRC, dated 11 March 2015, application has been made for the 24,760,000 ordinary shares of 1 pence each issued in consideration to be admitted trading on AIM. The expected trading date is 16 March 2015.
For further information please contact:
Zibao Metals Recycling Holdings PLC Wenjie "Joe" Zhou, Chairman Jianfeng "Eddy" Li, Chief Executive Officer Chor Wei "Alan" Ong, Finance Director
| Tel: +852 2769 7662 www.zibaometals.com |
ZAI Corporate Finance Limited (Nominated Adviser and Broker) Ray Zimmerman / Tim Cofman / Daphne Zhang
| Tel: +44 (0)20 7060 2220 www.zaicf.com |
Newgate (Financial PR) Adam Lloyd / Helena Bogle / Ed Treadwell | Tel: +44 (0)20 7653 9850 www.newgatethreadneedle.com |
About Zibao Metals Recycling Holdings PLC
Established in its current form in 2009, and incorporated as a UK registered company in 2013, Zibao is a trader in non-ferrous metals - principally aluminium and copper. It imports these from a variety of international sources and resells them into the People's Republic of China to operators who process them into a 'clean' form for sale to foundries.
The Company was formed by Wenjie 'Joe' Zhou, whose family has had interests in recyclable metals for nearly twenty years. During this period he has established good relationships with a range of overseas suppliers and developed an in-depth knowledge of the PRC rules and regulations for the metals recycling industry.
Metals recycling is a multi-million pounds global industry and China is the world's leading importer of copper and aluminium and needs recycling to supplement its growing demand.
Related Shares:
ZBO.L