Brief: Chenming Paper To Buy Stakes In Paper Producer, Fund

Shandong Chenming Paper Holdings

21/11/2022 11:58

Nov 21 (Reuters) - Shandong Chenming Paper Holdings Ltd
 000488.SZ  1812.HK :
    * SAYS IT PLANS TO BUY 1.19% STAKE IN PAPER PRODUCER, 44.44%
STAKE
IN FUND VIA SHARE ISSUE, TRANSACTION FEE TO BE DETERMINED
    * SAYS UNIT PLANS TO BUY 0.22% STAKE IN FUND VIA CASH,
TRANSACTION
FEE TO BE DETERMINED
    * SAYS TWO JV PLAN TO SET UP INVESTMENT FUND WORTH 4.76
BILLION
YUAN ($664.39 million) WITH PARTNERS

    Source text 1
  
    Source text 2
  
Further company coverage:  000488.SZ 
($1 = 7.1645 Chinese yuan renminbi)
 (Reporting by Hong Kong newsroom)
 ((Ella.Cao@thomsonreuters.com;))