SimsMM buys 20 per cent stake in Chiho-Tiande group


(WW) – The global recycling company Sims Metal Management (SimsMM) has acquired a 20 per cent stake in the Hong Kong-based Chiho-Tiande Group (CTG). SimsMM paid a consideration of $170 million for the holding to CTG’s founder and chairman Ankong Fang and to Dutch scrap recycler Delco Participation B.V., SimsMM ...

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