Shandong Chenming Paper Faces New Litigation Challenges

Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ) has issued an update.

Shandong Chenming Paper Holdings Co., Ltd. has announced involvement in 63 new litigation cases over the past year, amounting to RMB2,017,384,500, due to issues such as debt overdue and contract performance disputes. The company is actively working to settle these cases through negotiation and reaching settlements with creditors. Financial institutions have formed a provincial-level creditor committee to support the company by maintaining credit lines and offering measures like maturity extension and interest rate reduction, which have helped alleviate operational burdens. The company is also focusing on raising liquidity by disposing of non-core assets and improving debt collection.

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 the domestic and international markets.

YTD Price Performance: -51.33%

Average Trading Volume: 7,780

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €547.2M

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