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Last $7.91 HKD
Change Today +0.26 / 3.40%
Volume 4.7M
As of 4:01 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

chiho-tiande group ltd (976) Snapshot

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06/16/15 - $12.60
52 Week Low
12/24/14 - $2.41
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Current Stock Chart for CHIHO-TIANDE GROUP LTD (976)

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chiho-tiande group ltd (976) Details

Chiho-Tiande Group Limited, an investment holding company, engages in the recycling of mixed metal scrap primarily in the People’s Republic of China. It operates through Metal Recycling Business, Foundry Business, and Wholesales Business segments. The company recycles, disassembles, and processes mixed metal scrap, including wasted motors, wasted dynamo, wasted electric wires and cables, and other mixed metal scraps into copper, steel, aluminum, iron, and other metal scraps for metal manufacturers. It also produces and sells aluminum-alloy ingots, and copper rods and wires; and trades in other metal scrap without processing and copper cathode. The company serves metallurgy, machinery, electronic, and other industries. Chiho-Tiande Group Limited is headquartered in Taizhou, the People's Republic of China.

521 Employees
Last Reported Date: 04/14/15

chiho-tiande group ltd (976) Top Compensated Officers

Co-Founder, Vice Chairman, Chief Executive Of...
Total Annual Compensation: $1.2M
Vice-President, Executive Director and Member...
Total Annual Compensation: $947.0K
Compensation as of Fiscal Year 2014.

chiho-tiande group ltd (976) Key Developments

Chiho-Tiande Group Limited Announces Earnings Guidance for the Six Months Ended June 30, 2015

Chiho-Tiande Group Limited announced earnings guidance for the six months ended June 30, 2015. For the period, the company reported loss attributable to the owners of the company for the Reporting Period is likely to be reduced by more than 50% as compared to the loss reported for the corresponding period in 2014. The reduction in the loss of the Group is attributable to the following factors: the improvement in managing the cost of sales in the first half of 2015, as a result of which the group is likely to record a gross profit for the reporting period as compared to a gross loss for the corresponding period last year; the decrease in the realised losses on the Group's metal futures contracts for the reporting period as compared to that for the corresponding period last year; and the decrease in the unrealised loss on fair value changes of derivative financial instruments that the Group is required to make under the 'mark-to-market' accounting principle for the reporting period as compared to that for the corresponding period last year.

Chiho-Tiande Group Limited Announces Board Changes, Effective from April 29, 2015

The board of directors of Chiho-Tiande Group Limited announced that on April 28, 2015 Mr. Tu Jianhua is appointed as an executive Director and the Chairman of the board with effective from April 29, 2015. In accordance with the respective terms of reference of the nomination committee and the executive committee of the company, Mr. Tu will also become the Chairman of the Nomination Committee and a member of the Executive Committee. Mr. Tu currently serves as the deputy to the 12th National People's Congress and to the Fourth Chongqing Municipal People's Congress, and the member of the Finance Committee of the Fourth Chongqing City Municipal People's Congress, the Executive Committee Member of All-China Federation of Industry & Commerce, the vice president of Chongqing City Industry and Commerce Federation, the vice president of Chongqing City Charity Federation and the vice president of Chongqing City Enterprises Confederation. Following the appointment of Mr. Tu as an executive Director and the Chairman of the board, Mr. Fang Ankong, an executive Director and the Chairman of the board immediately prior to such appointment, will be re-designated as the Vice Chairman of the board. Mr. Fang will also cease to be the Chairman of the Nomination Committee but will remain to be the Chief Executive Officer of the company, the Chairman of the Executive Committee and a member of the Nomination Committee.

Chiho-Tiande Group Limited, Special/Extraordinary Shareholders Meeting, May 15, 2015

Chiho-Tiande Group Limited, Special/Extraordinary Shareholders Meeting, May 15, 2015., at 11:00 China Standard Time. Location: Level 2, 48 Wang Lok Street. Agenda: To approve, confirm and ratify the Second Subscription Agreement and to authorize any one or more directors of the company to allot and issue the Second Subscription Shares, and to do all such acts and things as they consider necessary for giving effect to the Second Subscription Agreement and the transactions contemplated there under; to approve the Subscription Whitewash Waiver; to approve the CB Whitewash Waiver; and to re-elect Mr. Tu Jianhua as an executive Director of the company.


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