[2] Its recycling facilities were located in Guangdong, Jiangsu and Hong Kong.

The company was listed on the Hong Kong Stock Exchange in June 2009 with the IPO price of HK$5.15 per share.

[5] On 17 November 2009, its price suddenly plunged 24%, the most since listing, as its chief financial officer, Wong Hok-leung, resigned after saying he was denied information.

American short-seller Glaucus Research Group said that "CMR purports to be the largest scrap metal recycling company in China.

Publicly accessible import data from the Chinese government suggests CMR is a blatant fraud that has deceived the market about the size of its business."