Chenming Paper (0188.HK) subsidiary Shouguang Meilun intends to carry out equipment financing business

2022-05-28 0 By

Chenming Paper (0188.HK) announced that in order to further expand financing channels and adjust the structure of long, medium and short-term liabilities, shouguang Meilun Paper Co., LTD. (hereinafter referred to as “Shouguang Meilun”), a subsidiary of the company, intends to conduct financing business of sale-lease-back equipment with Changjiang United Financial Leasing Co., LTD. (hereinafter referred to as “Changjiang Golden Leasing”).The financing amount shall not exceed 300 million YUAN (including 300 million Yuan) and the term shall not exceed 5 years (including 5 years). The Company shall provide joint and several liability guarantee for this financing business of Shouguang Meilun, the guarantee amount shall not exceed 300 million Yuan (including 300 million yuan) and the term shall not exceed 5 years (including 5 years).Shandong Chenming Paper Holdings Limited is a Chinese company mainly engaged in Paper making and financial leasing business.The company’s paper products mainly include double-adhesive paper, copper sheet paper, white card paper, electrostatic paper, anti-stick base paper, newsprint, life paper, light coated paper, writing paper and other machine paper.The company also supplies power and heat, building materials and chemicals for paper and paper, and operates hotels.The company sells its products to both domestic and overseas markets.The above content is compiled by Securities Star according to public information, if you have any questions, please contact us.