Hong Kong, June 1, 2017 /PRNewswire/ -- China Metal Resources Utilization Limited ("China Metal Resources" or "the Company") (Stock Code: 1636.HK), China's largest recycled copper products manufacturer, is pleased to announce the Company's inclusion as a constituent stock of the MSCI China Small-cap Index (the "Index"), effective after the market close on 31 May. This is the first time the Company is included in the Index, demonstrating investors' recognition in the Company's performance.
MSCI China Small-cap Index is designed to measure the performance of small-cap segments of Chinese market. The Index is one of the most widely used standards by institutional investors, representing approximately 14% of the free float market capitalization, covering companies with excellent business performance and development potential.
Mr. Yu Jianqiu, Chairman of the Company, said, "After our inclusion as one of the stocks in the Shenzhen-Hong Kong Stock Connect earlier, we are delighted to be included in the MSCI China Small-cap Index. The inclusion has demonstrated a strong recognition from investors in the Company's leading position in the scrap copper industry. We will continue to strive to be the largest recycled copper product manufacturer in China, at the same time we aim to build a recycled metal industry integrated service platform. Starting from the recycling of scrap copper and processing of standard copper, layout a station for scrap copper recycling and warehousing, and form an ecosystem with e-commerce, warehouse logistics, financial services, processing trade, production and sale of metal products. We also aim to introduce the flow of information, resources and cash into recycle metal industry in order to foster an effective integration, gradually control the country's scrap copper raw material market, achieving a rapid development, maximizing the return for our shareholders."
About China Metal Resources Utilization Limited
China Metal Resources Utilization Limited ("China Metal Resources" or "the Company") (Stock Code: 1636.HK) is a leading manufacturer in scrap copper industry. The Company has a fully integrated value chain with a production and service business model, with business consisting of scrap metal recycling, standard processing and metal deep processing products. By making use of the internet, the Company also provides a comprehensive platform combined with recycle metal information, warehouse logistics and financial services, providing services including recycled metal production, sale and related services. China Metal Resources is mainly involved in the sale of deep processed metal products and scrap metal value chain integrated services, in which deep processing metal includes the processing of recycled scrap copper, scrap aluminium, turning them into different copper and aluminium products such as copper rod, copper bar, copper wire as well as cable, wire and network cable; while scrap metal value chain integrated services include standard metal recovery processing, warehouse logistics, transaction settlement and financial services.
