China recycling firm GEM announces HK listing plan

GEM, one of the top two environmental companies in China, has announced plans to go public in Hong Kong in April, according to mainland media.

The company is currently listed on the Shenzhen Stock Exchange. It has also been listed on the Swiss Stock Exchange since 2022.

The forthcoming Hong Kong listing, part of its global expansion strategy, aims to help the firm gain further access into international markets.

GEM’s principal businesses involve recycling batteries, e-waste, and scrap vehicles. It also produces materials for the new energy industry, such as battery precursors and cathode materials.

GORDON YANG