The latest update is out from Shandong Chenming Paper Holdings Co., Ltd. Class H ( (HK:1812) ).
Shandong Chenming Paper Holdings Co., Ltd. announced the termination of its planned disposal of a 90.05% equity interest in Yujing Hotel to Guangyuan Real Property due to the latter’s inability to complete the payment. The termination agreement, signed on March 14, 2025, outlines the return of the previously paid consideration to Guangyuan Real Property in installments. The company has reinstated Yujing Hotel in its consolidated financial statements for 2024, ensuring no adverse impact on its financial position or operations. The termination is not expected to negatively affect the company’s business or shareholder interests.
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, primarily involved in the paper manufacturing industry. The company focuses on producing a variety of paper products and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -49.33%
Average Trading Volume: 9,013
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €509.6M
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