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Shandong Chenming Paper Holds Successful Extraordinary Meeting
Hong Kong stocks movement | Shandong Chenming Paper (01812) falls nearly 4% again. The papermaking industry performance is under pressure as the company's debt repayment and financing capabilities decline.
Shandong Chenming Paper (01812) has fallen nearly 4% again, as of the time of writing, a decrease of 3.85%, trading at 1.25 Hong Kong dollars, with a transaction volume of 6.6844 million Hong Kong dollars.
Shandong Chenming Paper Holdings (SZSE:000488 Investor Three-year Losses Grow to 57% as the Stock Sheds CN¥2.0b This Past Week
gf sec: The leading papermaking company is reducing production, and the industry is likely to welcome a short-term turning point.
Chenming (000488.SZ) monthly production reduction is expected to have a certain impact on domestic paper prices, short-term supply shrinkage, demand remains unchanged, expected to stop the current downward trend of paper prices, bullish for the industry sentiment to recover.
Hong Kong stocks closed (11.20) | Hang Seng Index rose by 0.21%. The AI application concept is booming, leading Kai Medical-B (02105) surged by 48% in pharmaceutical stocks.
The Hong Kong stock market opened lower in the morning but quickly surged, and then showed a narrow fluctuation trend throughout the day, with the Hang Seng Index returning to the 4,400-point level.
After an announcement shook the market, shandong chenming paper's stock price dropped significantly in both A and H shares today, with many banks stating that there is currently no crediting cooperation.
①Affected by relevant news, today both A and H shares of Shandong Chenming Paper opened with significant declines. ②As a star enterprise in Shandong, Shandong Chenming Paper has been a key public relations and investment target of banks. ③Several banking professionals have told Caixin that they currently have no crediting cooperation with Shandong Chenming Paper. Some cooperating banks still maintain exposure, which is continuously decreasing.
Shareholders in Shandong Chenming Paper Holdings (SZSE:000488) Have Lost 64%, as Stock Drops 4.5% This Past Week
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