CMR says chairman Chun’s stake sale still ‘underway’

China Metal Recycling said the transfer of shares from its chairman and ceo Jacky Chun to a Chinese state-owned group was still planned, even as the scrap company’s shares remained in a trading halt.

The firm, which is fighting allegations from a US-based investment research group, said the sale to China Energy Conservation and Environmental Protection Group was still “underway”. The sale agreement filed...


Steel MR

February 28, 2013

10:40 GMT