Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Chiho Environmental Group Limited , Los Andes Copper Ltd and more

In today’s briefing:

  • Chiho (976 HK): Possible Restructuring May Trigger Offer
  • Los Andes Copper: Insider Buying Continues and PFS in Next 60 Days

Chiho (976 HK): Possible Restructuring May Trigger Offer

By David Blennerhassett

  • Metal recycler Chiho Environmental Group Limited (976 HK) was suspended this morning pursuant to Hong Kong’s Takeovers Code. 
  • For more than a year, the controlling shareholder group has been implementing a potential restructuring. The ultimate controlling shareholder is Tu Jianhua, an executive director of Chiho.
  • This long drawn-out reorganisation may finally result in an Offer for Chiho.

Los Andes Copper: Insider Buying Continues and PFS in Next 60 Days

By Nicolas Van Broekhoven

  • Los Andes Copper, our preferred copper junior exploration company, will have an updated PFS out in the coming 60 days.
  • Meanwhile, regular insider buying continues by Chief Executive Michael Jones.
  • Los Andes Copper remains key M&A target for larger diversified miners.

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