Chris J

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    • Thu Feb 28th 04:58 AM | Rating: 0 0
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      The Long Case for Nine Dragons Paper Holdings
      19 Feb - quamnet.com
      www.quamnet.com/analys...
      Nine Dragons Paper (2689) has purchased an industrial property at a total consideration of $60.5M. The property is situated at Tianjin Ninghe Economic Development Area with a total site area of 3.88 million sqf. The site is believed to be used for setting up new factory. Nine Dragons Paper gained $0.3 or 2.1%, at $14.6.

      Nine Dragons Paper (2689) plans to acquire the entire interests in Rui Song at RMB18M and Qian Wei at RMB2M, Rui Song and Qian Wei are engaged in the production of high value specialty board products. The management planned to combine the existing operations of Rui Son with Qian Wei, with a total CAPEX of RMB1.6B for the combination. The management expects the production commencement date to be before June 2010.
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