Shandong Chenming Paper Announces Shareholding Structure Change

The latest announcement is out from Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ).

Shandong Chenming Paper Holdings Limited announced a change in the shareholding structure of its controlling shareholder, Chenming Holdings. The change involves Shandong Shouguang Jinxin Investment Development Holdings Group Co., Ltd. transferring its 45.2151% equity interest in Chenming Holdings to Shouguang Shenming Investment Co., Ltd., a subsidiary of the State-owned Assets Supervision and Administration Commission of Shouguang City, at no cost. Despite this transfer, the controlling shareholder and beneficial controller of the company remain unchanged, ensuring stability in its operations and governance.

More about Shandong Chenming Paper Holdings Co., Ltd. Class H

Shandong Chenming Paper Holdings Co., Ltd. is a joint stock company based in the People’s Republic of China, primarily involved in the paper manufacturing industry. The company is listed on the Hong Kong Stock Exchange and is known for producing a variety of paper products, focusing on maintaining a strong market presence in the paper industry.

YTD Price Performance: -72.67%

Average Trading Volume: 1,266

Technical Sentiment Signal: Strong Buy

Current Market Cap: €410.9M

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