Chenming Paper's Shares Extend Rally, Gaining Nearly 8% Amid Normal Operations and Strategic Divestment

Stock News
03/12

Chenming Paper (01812) continued its upward trend, rising nearly 8% in recent trading. As of the latest update, the stock had climbed 6.96% to HK$1.23, with a turnover of HK$10.24 million. The company recently issued a statement on unusual share price movements, confirming that its production bases in Shouguang, Huanggang, Jiangxi, Jilin, and Zhanjiang—excluding the fourth plant at the Zhanjiang base—are operating normally. The fourth plant at the Zhanjiang facility is currently accelerating equipment adjustments to resume production as soon as possible. Additionally, in response to investor inquiries on the Shenzhen Stock Exchange’s interactive platform, Chenming Paper confirmed that it completed the divestment of all assets related to its financial leasing business in the fourth quarter of 2025. This move marks the paper giant’s complete exit from the financial leasing industry. The asset sale was not a sudden decision but rather the implementation of a long-term strategy to focus on its core pulp and paper operations while shedding non-core businesses.

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