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Shandong Chenming Paper: The third restricted period of the incentive plan is over, and the conditions for lifting the restrictions have not been achieved. It plans to repurchase and cancel 22.257 million shares.
Shandong Chenming Paper (01812) announced that according to the audit report for the year 2023 issued by ShineWing Certified Public Accountants (Special General Partnership), the company's net asset return rate and sales gross margin for the year 2023 did not reach the performance target set at the company level for the third lifting of restricted shares. The conditions for lifting the restrictions on the third lifting of restricted shares in the incentive plan have not been achieved. The company shall repurchase and cancel the restrictive stocks of the third lifting of restriction that have been granted to 93 incentive objects but not yet lifted. The number of repurchased shares is 22.257 million shares.
Chenming Paper Cancels Shares After Missing Targets
Shandong Chenming Paper (01812) received a release of pledge of 4 million shares of A shares and a pledge of 43.2 million shares of A shares from its major shareholder, Chenming Holdings.
Shandong Chenming Paper (01812) has issued a notice, stating that Shandong Chenming Paper Group Co., Ltd. (hereinafter referred to as the "Company") has recently ...
Shandong Chenming Paper (01812) received a pledge of 29.3 million A-shares from its major shareholder, Chenming Holdings.
Shandong Chenming Paper (01812) has announced that it recently received a notification from its largest shareholder, Shandong Chenming Holding Co., Ltd. (Chenming Holding)...
Minsheng Securities: It is difficult for pulp prices to fall and the volatility is increasing, and profit improvement is expected.
On the one hand, the pulp production capacity of the above-mentioned companies is relatively low, while on the other hand, paper prices have strong resilience, and profit improvement can be expected.
Shandong Chenming Paper Announces Board Meeting
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