TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ) has issued an announcement.
Shandong Chenming Paper Holdings Co., Ltd. has announced a potential transaction involving guarantees to support its operational funding needs. To facilitate the resumption of work and production, the company has partnered with Weifang Xingchen, a state-owned entity, to secure a syndicated loan of RMB2.31 billion. The loan will be used to enhance the company’s operational capabilities and resolve debt risks. Subsidiaries of the company, Shouguang Kunhe and Chenming Leasing, propose to provide mortgage guarantees for the loan, while Jilin Chenming will offer guarantees for additional funding needs at the Jilin base. These measures are aimed at ensuring the smooth continuation of the company’s operations.
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 the production and sale of paper products, with a significant emphasis on resuming and maintaining its manufacturing operations.
Average Trading Volume: 3,935,982
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.67B
For detailed information about 1812 stock, go to TipRanks’ Stock Analysis page.