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An update from Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ) is now available.
Shandong Chenming Paper Holdings Co., Ltd. announced a significant acquisition where Huanggang Technology will acquire 39.98% of the Fund Units of Chenming Huanggang Fund from Changjiang Industrial Investment Fund for RMB439,157,698.63. This acquisition will increase the company’s stake in Chenming Huanggang Fund to 99.95%, allowing the financial results of the fund to continue being consolidated in the company’s financial statements. The transaction is classified as a disclosable and connected transaction under the Hong Kong Listing Rules, subject to certain reporting and announcement requirements but exempt from shareholder approval.
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, primarily engaged in the paper manufacturing industry. The company focuses on producing a variety of paper products and operates through its subsidiaries, including Zhanjiang Chenming Pulp & Paper Co., Ltd.
YTD Price Performance: -61.33%
Average Trading Volume: 1,266
Technical Sentiment Signal: Buy
Current Market Cap: €423.3M
See more insights into 1812 stock on TipRanks’ Stock Analysis page.