Nine Dragons Paper (Holdings) will cut capital expenditure over the next two years to lower its debt after reporting worse-than-expected profits.
Shares in the mainland company fell 6.5 per cent to HK$3.57 yesterday.Thursday, 22 September, 2011, 12:00am
In its latest bid to restore market confidence after Standard & Poor's last week withdrew its credit rating, Nine Dragons Papers (Holdings) yesterday said it would redeem its bonds two years ahead of the due date.24 Jun 2011 - 12:00am
Shares of Nine Dragons Paper (Holdings), the containerboard maker controlled by the mainland's second-richest woman, Cheung Yan, fell as much as 8.38 per cent yesterday after the company announced full-year earnings rose a slightly slower than expected 45.7 per cent.21 Sep 2007 - 12:00am
Announcement of forecast-beating 69pc jump in first-half profit and capacity expansion plan fails to impress investors14 Feb 2007 - 12:00am
Containerboard maker looks to reduce debt as profit soars
Nine Dragons Paper (Holdings) will spend 3.8 billion yuan to boost its containerboard production by 40 per cent over the next two years.29 Mar 2006 - 12:00am
Listing candidate Nine Dragons Paper (Holdings) revealed in its prospectus released yesterday that its only non-executive director is the chairman's son - a 24-year-old student in the United States.
The prospectus of China's largest producer of containerboard products said Lau Chun-shun was reading for a bachelor's degree in economics at the University of California-Davis.20 Feb 2006 - 12:00am