MTL-INDEX
17.6.2015 13:01:21 CEST | Business Wire | Pressemeddelelse
MTL Index , the leading French company in trading strategic industrial metals and rare earths, has announced an agreement on the acquisition of a stake in its equity by ASIA AXA METAL , based in Hong Kong. The acquisition of a 40% stake by the Chinese company will enable MTL Index to continue to grow. The acquisition was approved at the most recent general meeting of shareholders.
Mr. Chun Huang
, member of the executive board of ASIA AXA METAL
,
a Franco-Chinese investment banker, formerly at CCF
, ABN AMRO
and Leonardo Bank
, has taken over the group's leadership.
"We
are delighted with this agreement and the opportunity to become part of
a group which, in just a few years, has become a strong force in the
sector". "The fact that prices and the market are at their lowest level
for five years has also been a decisive factor. The timing is perfect!
We are confident in the sector's growth prospects. We think our know-how
will enable us to implement economies of scale swiftly and continue to
develop the group," said Chun Huang
on the day of his
appointment.
About MTL Index
MTL Index specialises in trading industrial and strategic metals and rare earths.
Information at www.mtlindex.com
About Chun Huang
Mr.Chun Huang started his career in 1994 in the mergers and acquisitions department of Crédit Commercial de France in Paris and then in Hong Kong, where he helped to list several companies on the exchange and to develop French groups in China. After working for a period at ABN AMRO , in 2004 he joined the investment firm Prado Finance, and was chief executive there until 2009. Chun Huang then became financial director of the property group Eurasia , the leading listed company owned by Chinese people living in France. Find Chun Huang's CV at www.linkedin.com/pub/chun-huang/1a/9b0/192
The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150617005535/en/
Contact:
MTL INDEX
Chun Huang, tel: 0156769004
mail: contact@mtlindex.com
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