Hong Kong-based metals recycling company Majestic Corporation PLC is planning to float on Aquis Exchange PLC (AIM:AQX)’s AQSE Growth Market.
Majestic is a profitable business recycling precious and non-ferrous metals such as gold, platinum, rhodium and palladium from obsolete mechanical and industrial material, including catalytic convertors, printed circuit boards, legacy electrical and electronic equipment (WEEE) and industrial metal residues left over from manufacturing, the company said in a statement.
It uses a network of partners to source, acquire, store and process material and once the waste precious metal is ready it is supplied to refineries, in countries such as Japan, for reconstitution and resupply into the global supply chain.
Majestic said 15.52% of its total equity will be listed and the expected date of admission is 28 February 2022.
The company is headed by chairman and chief executive officer Peter Yu Pok Lai.