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Mudanjiang Hengfeng Paper Co.,Ltd's (SHSE:600356) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Mudanjiang Hengfeng Paper (600356.SH): Intends to acquire 100% equity of Jinfeng Paper Industry. Resumption of trading will commence on November 29th.
On November 28, Ge Long Hui reported that mudanjiang hengfeng paper (600356.SH) announced that the company plans to acquire 100% equity of Jinfeng Paper Industry held by Zhujiang Paper Industry and Zhang Hua through share issuance. As of the signing date of this summary of the plan, the audit and evaluation work of the symbol assets has not yet been completed. The final transaction price of the symbol assets in this trade will be determined by the evaluation results issued by asset appraisal institutions that comply with the Securities Law and confirmed by the competent state-owned assets authority, and will be negotiated by the trading parties. The symbol company Jinfeng Paper Industry is specifically engaged in high-grade cigarette paper and cigarette supporting paper, approved by the National Tobacco Monopoly Bureau.
Mudanjiang Hengfeng Paper (600356.SH): Plans to suspend trading starting from November 18 for the proposed issuance of shares to purchase assets.
On November 15, Geloong announced that Mudanjiang Hengfeng Paper (600356.SH) disclosed that the company is planning to issue shares to purchase 100% equity of Sichuan Jinfeng Paper Co., Ltd. (hereinafter referred to as "this trade"). According to the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and other relevant provisions, this trade is not expected to constitute a major asset restructuring, but it constitutes a related-party transaction, and this trade will not lead to a change in the company's actual controller. As this trade is still in the planning stage and there is uncertainty, to ensure fair information disclosure, protect the interests of investors, and avoid causing abnormal fluctuations in the company's stock price, an application has been submitted to the Shanghai Stock Exchange.
Mudanjiang Hengfeng PaperLtd's (SHSE:600356) Solid Profits Have Weak Fundamentals
Hang Fung Paper 2024 Third Quarter Report
Mudanjiang Hengfeng Paper's semi-annual report for 2024.
Mudanjiang Hengfeng PaperLtd's (SHSE:600356) Solid Earnings May Rest On Weak Foundations
