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CHENMING PAPER Skydives 27% after Revealing RMB1.8B+ Overdue Debts & RMB64.83M Frozen
Recommend 6 Positive 4 Negative 8 |
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CHENMING PAPER (01812.HK) opened 14.12% lower today (20th). With aggravated downfall, it bottomed at $1.21. It last printed at $1.24, down 27.06%, with 29.3765 million shares traded, involving $38.2385 million. CHENMING PAPER announced overdue of some of the company’s debts and freezing of some of its bank accounts. As of 18 November 2024, the accumulated overdue principal and interest amounted to over RMB1.8 billion, representing 10.91% of the Company’s latest audited net assets. The cumulative frozen amount of the frozen bank accounts is RMB64.83 million, accounting for 0.39% of the Company’s latest audited net assets. There have been cumulative total of 65 bank accounts frozen. AAStocks Financial News |
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