HONG KONG, Jun. 29 -- China Metal Recycling, the largest scrap-metal recycler in China, plans to list on the Shanghai stock exchange by as early as 2013, the South China Morning Post said on Monday.
The company's plans were still at an initial stage, Chairman and Chief Executive Jacky Chun said at a media briefing, according to the paper. "We are looking for an A-share listing in three to five years' time."
The company established its China headquarters in the Shanghai stock exchange building last week in a move that was in line with its long-term mainland initial public offering (IPO) plan, Chun said.
China Metal raised HK$1.55 billion ($199.2 million) on the Hong Kong stock exchange last July, one of the largest IPOs in the city last year.