ZaiGe Waste Management seeks Australian IPO to boost recycling activities

Chinese metals and plastics recycler has plans to enter the waste audit and tire recycling sectors.

November 29, 2017
Recycling Today Global Staff

The ZaiGe Group, based in Hebei Province, China, is holding a media event in early December 2017 to outline its plan to seek a listing on the Australian Stock Exchange (ASX) in late 2017 or early 2018.

According to the firm’s prospectus, the ZaiGe Waste Management Holding Group currently processes and recycles ferrous and plastic scrap, and is in the process of establishing a business that will focus on the processing of scrap tires.

“The company wants to make a difference in the integration and innovation of the renewable resource industry in China and [aims] to leverage Australia’s advanced recycling and waste management knowledge back into China,” the company states in an e-mail notifying media members of its press event.

The Dec. 1, 2017, media event in Baoding Shi, China, will include comments from Andrew Thomson, chairman of ZaiGe, and Australia-based Ford Zheng, executive director of ZaiGe. They will “outline the growth strategies and ZaiGe’s aim to have an innovative and even greater positive impact on the recycling and waste management industries in China, and the company’s Australian expansion objectives,” according to the e-mailed notification.

Thomson’s chairman’s letter in the company’s prospectus also indicates ZaiGe has “recently entered into a shareholders’ agreement with Waste Audit and Consultancy Services (Aust) Pty Ltd., a waste management consultancy, [to] establish a waste management consulting services business [targeted toward] recycling and waste management corporations principally located in China.”

“Finally,” adds Thomson, “the ZaiGe Group also intends to establish a business that shall provide waste management services to local councils and municipalities located in China, pursuant to a strategic partnership agreement with Beijing XuanAng Environmental Technology Co. Ltd., a waste management services company based in Beijing.”