Nine Dragons Paper Holdings Limited | South China Morning Post
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  • Feb 2, 2015
  • Updated: 6:15am

Nine Dragons Paper Holdings Limited

Shares in Nine Dragons drop 4.36 per cent after profits miss expectations

Cheung Yan

Shares in Nine Dragons Paper dropped 4.36 per cent to HK$3.73 on heavy trading yesterday after the mainland paper maker announced its net profit fell below analysts' expectations.

Thursday, 27 September, 2012, 3:25am

Nine Dragons Paper to tackle debt

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.

22 Sep 2011 - 12:00am

Nine Dragons offers to redeem bonds early

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

Nine Dragons plunges after S&P pulls rating

Shares of Nine Dragons Paper (Holdings) - founded by the world's richest self-made woman, billionaire Zhang Yin - plunged to a two-year low after its credit rating was pulled.

The scrap-paper-recycling company's stock price fell 22 per cent to HK$5.36, and was trading down 17.4 per cent at HK$5.65 when trading was halted in the afternoon.

15 Jun 2011 - 12:00am

Activists accuse HK firms of defying mainland labour law

Some Hong Kong companies are still exploiting workers in their mainland factories, despite the new Labour Contract Law, according to an activists' group.

13 Apr 2008 - 12:00am

Nine Dragons to invest 3b yuan in facilities for high-margin products

Nine Dragons Paper (Holdings), the mainland's biggest maker of containerboards, will invest up to three billion yuan in production facilities for wood pulp and liquid paper boards, which will be in commercial operation in 2010, company chairman Cheung Yan said yesterday.

22 Jan 2008 - 12:00am

Paper giant calms protesting workers

Thousands of workers of the mainland's biggest packaging-paper maker blocked a road in Dongguan, Guangdong, yesterday to protest against having to sign new employment agreements before the Labour Contract Law comes into effect next month.

But the issue appeared settled last night when protesters were offered contracts with the company or an immediate cash payout.

14 Dec 2007 - 12:00am

China Sunshine Paper targets expansion to offset rising costs

China Sunshine Paper, the country's largest white top linerboard maker by output, will start selling shares to the public tomorrow as it seeks to raise as much as HK$745 million to expand production facilities.

28 Nov 2007 - 12:00am

Nine Dragons shares tumble as pace of earnings growth slows

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

Nine Dragons looks to raise HK$2b

Nine Dragons Paper (Holdings), the mainland's largest containerboard producer, plans to raise as much as HK$2 billion from selling new shares, sources said.

The company was offering 125 million new shares, representing 3 per cent of the existing issued share capital, at between HK$15.94 and HK$16.28 each, said a fund manager who was invited to participate the share sale.

17 Apr 2007 - 12:00am

Nine Dragons shares plummet 9pc

Announcement of forecast-beating 69pc jump in first-half profit and capacity expansion plan fails to impress investors

14 Feb 2007 - 12:00am

Lee & Man profit up 43pc on orders surge

Lee & Man Paper Manufacturing posted a 43.6 per cent jump in net profit to $600.02 million for the year to March as domestic and international demand continued to outstrip supply.

Nevertheless, analysts have warned the company risks overspending on its plans for massive capacity expansion.

27 Jun 2006 - 12:00am

Nine Dragons plans 3.8b yuan capacity rise

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

Nine Dragons chairman defends son's board role

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