Shandong Chenming Paper to Exit Finance Leasing Business

MT Newswires Live

2025/12/16

Shandong Chenming Paper (HKG:1812) said it was exiting the finance leasing business after it agreed to sell its equity interest in Shandong Chenming Financial Leasing to Shouguang Shengjia Investment, according to a Hong Kong bourse filing Monday.

Shares of the paper company gained nearly 3% in late morning trade Tuesday.

Under the agreement, the firm is selling its entire equity stake in Shandong Chenming Financial Leasing, as well as its 25% stake in two related units that roll up to Shandong Chenming Financial Leasing, for 3.34 billion yuan.

The sale is subject to shareholder approval, the firm said.

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