Chiho Environmental Reports Stable Operations as It Advances Toward Trading Resumption

The latest announcement is out from Chiho Environmental Group Limited ( (HK:0976) ).

Chiho Environmental Group Limited, a major metal recycling company with significant operations across Asia and Europe, says its core recycling and related businesses remain broadly stable and are operating as usual in all material respects. The group, which plays a notable role in the international scrap metal and resource recovery market, notes that neither the identified irregularities at certain subsidiaries nor the continued suspension of trading have so far caused adverse operational disruption, based on the board’s preliminary assessment.

The company provided a quarterly update on its efforts to meet resumption requirements set by the Hong Kong Stock Exchange following the trading halt linked to those irregularities. It has submitted draft reports on an independent forensic investigation and an internal control review to the exchange, a key step toward satisfying resumption guidance and demonstrating improved governance, with further disclosures on findings and remedial actions to follow.

More about Chiho Environmental Group Limited

Chiho Environmental Group Limited is one of the world’s largest publicly listed metal recycling corporations, with operations spanning Asia and Europe. The group focuses on recycling and processing scrap metals, positioning itself as a key player in the circular economy and resource recovery value chain, and reports that its core businesses continue to run normally despite recent governance issues.

The company’s operational footprint and metal recycling activities have, according to its directors, not been materially affected by previously disclosed irregularities at certain subsidiaries or by the prolonged suspension of trading in its shares. Management continues to monitor any potential impact from these issues and has committed to updating investors as necessary.

Technical Sentiment Signal: Sell

Current Market Cap: HK$690.2M

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