Zibao Metals Recycling Holdings Plc (AIM:ZBO) entered into an agreement to acquire Zhengbao Non-Ferrous Metal Processing And Stockholding Yard In Nanhai from Zhou Binghua and Zhou Wenjian for CNY 25.6 million in stock on February 16, 2015. The shares are subjected to a lock up period of 2 years from the date of issue. In December 2013, the yard had a turnover of CNY 113 million. Zhengbao reported net assets of CNY 25.4 million as at July 31, 2014. Adam Lloyd, Helena Bogle and Ed Treadwell acted as public relations advisors for Newgate. Ray Zimmerman, Tim Cofman and Slav Slavinski of ZAI Corporate Finance Limited acted as financial advisors for Zibao Metals Recycling.


Zibao Metals Recycling Holdings Plc (AIM:ZBO) completed the acquisition of Zhengbao Non-Ferrous Metal Processing And Stockholding Yard In Nanhai from Zhou Binghua and Zhou Wenjian on March 11, 2015.