Shandong Chenming Paper Holdings Co., Ltd. Class H (HK:1812) has released an update.
Shandong Chenming Paper Holdings Co., Ltd. has announced the voluntary liquidation of its wholly-owned subsidiary, Chenming Finance, as part of a strategic move to enhance the company’s focus on its core pulp and paper making operations. The liquidation is aimed at improving asset management efficiency, reducing operating costs, and promoting sustainable, high-quality growth. This decision is expected to positively impact the company’s major operations and financial health, without adversely affecting the interests of shareholders.
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