Shandong Chenming Paper to Exit Finance Leasing Business
MT Newswires Live
Dec 16, 2025
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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