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CCB International Invests in China's Biggest Zirconium Manufacturer

2007-05-01

CCB International has recently invested in Asia Zirconium, the biggest zirconium manufacturer in China by means of international placement, and has become a major shareholder of the company with 10.37% of its shares offered. As a listed company on the Main Board of the Hong Kong Stock Exchange, Asia Zirconium is mainly engaged in the manufacturing and sales of zirconium-related products, such as new energy materials, electronic ceramics and rechargeable batteries. Products of the company have been exported to Japan, the United States and Europe for 28 years, 16 years and 17 years, respectively. And it was recognized by China Non-ferrous Metal Association as the nation's biggest exporter of zirconium products in 2001.Studies have indicated that China is already the world's major manufacturer of zirconium oxychloride, a basic material in the nuclear energy industry. Therefore, local manufacturers of zirconium are expected to benefit from the business opportunities thanks to the promotion of nuclear energy by China and the US, as well as to the estimated increase in the global demand for zirconium products. It is reported that the said investment has been realized via CCB International's Post-IPO fund (which enables investment in a listed company mainly by means of placement and direct buy-in).CCB International is currently managing seven funds, including hedge fund, Pre-IPO fund, buyout fund, Post-IPO fund, etc. The series of funds are mainly invested in the Mainland and other new markets, covering multiple industries such as energy, new materials, consumption and resources, with more flexible investment cycles ranging from one month to five years. According to the plan, CCB International will cooperate more closely with related organizations on the Mainland in order to further enhance the dynamics of investment there.

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