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Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ) has issued an announcement.
Shandong Chenming Paper Holdings Co., Ltd. has announced a very substantial disposal involving the sale of its entire equity interest in certain target companies for RMB3,336.353 million. This transaction will result in the target companies ceasing to be subsidiaries of Shandong Chenming, impacting its consolidated financial statements. The disposal requires shareholder approval and is subject to several conditions, highlighting its significance under the Hong Kong Listing Rules.
More about Shandong Chenming Paper Holdings Co., Ltd. Class H
Shandong Chenming Paper Holdings Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the paper manufacturing industry. The company focuses on producing and selling various paper products and related services.
YTD Price Performance: -43.20%
Average Trading Volume: 1,041,674
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$4.54B
Find detailed analytics on 1812 stock on TipRanks’ Stock Analysis page.