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Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ) just unveiled an update.
Shandong Chenming Paper Holdings Co., Ltd. has announced involvement in 149 new litigation cases amounting to RMB1,364,717,600, due to debt overdue and contract performance disputes, representing 14.91% of its latest audited net assets. The company is actively negotiating settlements and has received support from financial institutions to maintain credit stability, which includes measures like loan renewals and interest rate reductions, aimed at alleviating operational burdens and improving liquidity.
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 industry. The company, along with its subsidiaries, is involved in the production and sale of paper products, focusing on maintaining its market position in the competitive paper manufacturing sector.
YTD Price Performance: -72.67%
Average Trading Volume: 1,266
Technical Sentiment Signal: Strong Buy
Current Market Cap: €410.9M
Learn more about 1812 stock on TipRanks’ Stock Analysis page.
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