Shandong Chenming Paper sells Qihe Chenming and is closing down outdated production facilities

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Shandong Chenming Paper Holdings Limited has sold its entire interest in the paper manufacturer Qihe Chenming to Henan Jianhe Paper for a sum of around RMB959m, approximately €116m.According to Shandong, results of Qihe Chenming had been deteriorating in the last few years and it was expected that it will record an ...

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