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The latest update is out from Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ).
Shandong Chenming Paper Holdings Co., Ltd. has announced the progress of its temporary shutdowns and maintenance activities across certain production bases. While some facilities have resumed partial operations, others remain under maintenance for technical upgrades, with full resumption of work anticipated after the Chinese New Year. The company is also involved in numerous litigation and arbitration cases over the past year, totaling RMB2,638,150,700, largely due to debt and contract disputes. Furthermore, a number of the company’s bank accounts have been frozen, affecting a minor percentage of its audited net assets.
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. It operates in the paper industry, focusing on the production of cultural paper and engaging in mechanical pulping processes. The company has various production bases, including those located in Huanggang and Shouguang.
YTD Price Performance: -16.67%
Average Trading Volume: 11,075
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €779.1M
Learn more about 1812 stock on TipRanks’ Stock Analysis page.