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Shandong Chenming Paper Reports Unusual Share Price Movement

Story Highlights
  • Shandong Chenming Paper is a major player in the paper manufacturing industry.
  • The company reported a significant share price drop, issuing risk warnings and confirming no undisclosed events.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Shandong Chenming Paper Reports Unusual Share Price Movement

The latest announcement is out from Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ).

Shandong Chenming Paper Holdings Limited announced an unusual price movement of its shares, with a significant decrease of over 12% in trading prices for three consecutive days. The company has confirmed that there are no undisclosed material events affecting this movement and has issued risk warnings for its shares, which have been subject to trading suspensions.

More about Shandong Chenming Paper Holdings Co., Ltd. Class H

Shandong Chenming Paper Holdings Limited is a company incorporated in the People’s Republic of China, primarily engaged in the paper manufacturing industry. The company is listed on the Shenzhen Stock Exchange and the Hong Kong Stock Exchange, focusing on the production and distribution of paper products.

YTD Price Performance: -59.18%

Average Trading Volume: 9,075

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €584.1M

Learn more about 1812 stock on TipRanks’ Stock Analysis page.

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