Loco Hong Kong Holdings Limited (the “Loco HK”) (together with its subsidiaries, the "Group"), a fully integrated metals trader and processor based in Hong Kong, announced the details of its proposed listing on the Growth Enterprise Market (“GEM”) of The Stock Exchange of Hong Kong Limited by way of placing on 29 July 2014. Dealings in the Company’s shares have commenced on GEM on 5 August 2014 (Tuesday) under the stock code 8162.
Having the silver business commenced in 2009, Loco HK. through its operating subsidiary, China Precision Material Limited, is principally engaged in the trading of metals, including silver, gold and tin, and the processing of silver products in Hong Kong. It is one of the few reputable metal traders in Hong Kong which has its own fully integrated processing facilities and is capable of providing a diversed range of silver products to international customers.
The Group has a diversified customer base, consisting of licensed banks and metal traders in Hong Kong, Singapore, Japan, Taiwan, Australia, the United Kingdom and Dubai. It has been a preferred silver supplier largely due to its ability to process silver products into customised forms. Stability of product quality, timely delivery of products at competitive prices, as well as sustainable and adequate supply of metals have also earned deep trust in Loco HK from customers worldwide.
Directors and Management
Mr. Wang Wendong, was appointed as executive Director and Deputy Chairman with effect from 11 May 2018. Mr. Wang has more than 25 years of extensive experience in real economy investment. Since the 1990s, Mr. Wang has served as a group vice president in an international group of companies. Such group has significant footprint in the People’s Republic of China and Hong Kong including international trade, farming, education, culture industry, real estate and consumer goods.
Mr. Fung, aged 70, is the Honorary Permanent President of The Chinese Gold & Silver Exchange Society and Director of Fung Chi Kin Consulting Limited. Mr. Fung has over 33 years of experience in banking and finance. Prior to his retirement, he was the Director and Deputy General Manager of Po Sang Bank Limited (merged into Bank of China (Hong Kong) Limited in 2001), Managing Director of BOCI Securities Limited and Chief Administration Officer of BOC International Holdings Limited. From October 1998 to June 2000, Mr. Fung served as a Council Member of the First Legislative Council of the HKSAR. He also held offices in various public organisations and was the Vice Chairman of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”), Director of the Hong Kong Futures Exchange Limited, Director of Hong Kong Securities Clearing Company Limited and Hong Kong Affairs Advisor. Mr. Fung was appointed as an executive director of China Trustful Group Limited (Stock Code: 8265) in March 2019, which he also served as an executive director from September 2014 to May 2017, the shares of which are listed on GEM of the Stock Exchange. Mr. Fung has been an independent non-executive director of Chaoda Modern Agriculture (Holdings) Limited (Stock Code: 682) since September 2003 and Geotech Holdings Ltd. (Stock Code: 1707) since September 2017 respectively. Mr. Fung has also been an independent non-executive director of Kenford Group Holdings Limited (Stock Code: 464) from August 2017 to April 2019. Each of the shares of Chaoda Modern Agriculture (Holdings) Limited, Geotech Holdings Ltd. and Kenford Group Holdings Limited are listed on the Main Board of the Stock Exchange.
Mr. Zhu Hongguang was appointed as a Director on 24 August 2016. He is also the Chairman of the Board and an executive Director. Mr. Zhu has over ten years’ experience in operations and management in the segment of real economy investment. Mr. Zhu established Sichuan Wenjie Materials Co., Ltd. and Chengdu Yuantai Industrial Investment Co., Ltd. in 1995 and 2000 respectively. He served as the director of Chengdu College of Arts and Sciences in 2003. Mr. Zhu also established Chengdu Zhongxing Water-supply Company Limited and has been its chairman since 2004. Then Mr. Zhu diversified his working experience into mix financial sector. Mr. Zhu established Chengdu Lingduoji Investment Co., Ltd. and Chengdu Weide Equity Investment Fund Management Co., Ltd. in 2013 and also has been the general manager of such companies since then. He obtained a degree of Master of Science in Management with Operations from University of Bath in 2007.
Mr. Felipe Tan was appointed as a Director on 14 February 2014. He has served as a director of China Precision Material Limited and CPM Silver Limited, wholly-owned subsidiaries of the Company since March 2009 and May 2009 respectively. He is responsible for the overall corporate strategies, management, planning business development and hedging activities of the Group. Mr. Tan has over 30 years of experience in metal trading and monitoring hedging activities, including more than 13 years of management experience in the mining industry in the PRC. Currently, he is the chairman of the board, president and chief executive officer of GobiMin Inc. (“GobiMin”) (Symbol: GMN), a company engaged in the exploration and exploitation of mineral resources in Xinjiang, the PRC and shares of which have been listed on the TSX Venture Exchange since 1 October 2005. GobiMin is a major shareholder of the Company and holds the shares in the Company through its subsidiaries. Mr. Tan has also been an executive director of Timeless Software Limited (“Timeless”) (stock code: 8028) since 30 September 2012, and has been appointed as the chairman of the board of directors of Timeless since 29 July 2016. Timeless is principally engaged in the computer hardware and software and mining business, the shares of which are listed on GEM. In addition, Mr. Tan is a director of Jiangmen Proudly Water-soluble Plastic Co., Ltd. (NEEQ: 833367), the shares of which are traded on the National Equities Exchange and Quotations in the PRC since 10 September 2015.
Independent non-executive Directors
Mr. Lau, aged 64, holds a Bachelor Degree in Commerce from University of Windsor in Canada, has extensive experience in banking and investment. Mr. Lau had worked for the National Bank of Canada as the vice president of Asia region as well as the chief executive of the Hong Kong branch from September 1994 to December 1996. Mr. Lau has served directorships in various listed companies in Hong Kong, he was an independent non-executive director of PT International Development Corporation Limited, a company listed on the Main Board of the Stock Exchange of Hong Kong Limited (the “Stock Exchange”) (Stock Code: 372) from March 2017 to April 2018. Mr. Lau is currently an independent non-executive director of Yeebo (International Holdings) Limited, a company listed on the Main Board of the Stock Exchange (Stock Code: 259).
Ms. Wong Susan Chui San, aged 45, has been a certified practising accountant of the Australian Society of Certified Practising Accountants and a certified public accountant of the Hong Kong Institute of Certified Public Accountants since May 999 and May 2000, respectively. She is also a member of The Society of Chinese Accountants and Auditors, a fellow and a certified tax adviser of the Taxation Institute of Hong Kong. Ms. Wong has more than 19-year experience in auditing, accounting and taxation. She is the founder of Messrs. C.S. Wong & Co. and the Director of Pan-China (H.K.) CPA Limited. Ms. Wong has been an independent non-executive director of Ban Loong Holdings Limited (Stock Code: 30) which is listed on the Main Board of the Stock Exchange of Hong Kong Limited (the “Stock Exchange”) since October 2014. Ms. Wong is currently the chief financial officer and company secretary of Astrum Financial Holdings Limited (Stock Code: 8333) which is listed on GEM of the Stock Exchange. Ms. Wong resigned as the company secretary of Yin He Holdings Limited (formerly known as Zebra Strategic Holdings Limited) (Stock Code: 8260) on 31 August 2015 which is listed on GEM of the Stock Exchange and resigned as the company secretary of Grand Investment International Limited (Stock Code: 1160) which is listed on the Main Board of the Stock Exchange on 16 June 2017.
Mr. Zhou Tianshu was appointed as an independent non-executive Director on 29 September 2018. Mr. Zhou is currently the executive CEO of Skyho Aviation Technology Co., Ltd.. Mr. Zhou received a bachelor's degree in engineering from Civil Aviation University of China and a master’s degree in law from Wuhan University. Mr. Zhou has over 20 years of experience in enterprise planning, business investment and risk control. Mr. Zhou has worked in a major state-owned aviation enterprise in the People’s Republic of China for over 17 years, mainly in enterprise planning and management positions. Mr. Zhou also held management positions in China Aircraft Leasing Group Holdings Limited, a company listed on the Main Board of the Stock Exchange (Stock Code: 1848) and its subsidiary, Aircraft Recycling International Limited.
Ms. Wu Liyan was appointed as an independent non-executive Director on 29 September 2018. Ms. Wu is currently the marketing director of Pacific International Securities Limited. Ms. Wu received a bachelor’s degree in science from University of Minnesota and a master’s degree in science from New York University. Ms. Wu has more than 9 years of marketing and business development experiences in renowned investment management companies.