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Shandong Chenming Paper (01812): A total of 63 new lawsuits have been filed, with the total amount in question being 2.017 billion yuan.
Shandong Chenming Paper (01812) announced that from January 23, 2025, to February 27, 2025, this public...
Shandong Chenming Paper (01812): Abnormal fluctuations in Stock trading on A-shares and B-shares. There is no information that should be disclosed but has not been disclosed.
Shandong Chenming Paper (01812) released an announcement, A-shares Stocks (stock code: 000488, stock abbreviation: Special Treat Chenming...)
Rubber Market Closes Mixed Amid Global Trade Concerns
Hong Kong A share volatility丨Stock price returns to 9 years ago. Shandong Chenming Paper's H shares once fell by 33%. A shares resumed trading with a limit down order exceeding 1.6 million hands!
Gelonghui, February 21 | Yesterday, Shandong Chenming Paper (1812.HK) fell by 14.42% and continued to plummet today, once dropping by 33.7% to HKD 0.59 during trading, marking a new low since October 19, 2015, over 9 years. Special Treat Shandong Chenming (000488.SZ) resumed trading today with a limit down, eventually closing at 2.36 yuan, with a queued order exceeding 1.6 million hands, reaching a new low since July 9, 2015, over 9 and a half years. Shandong Chenming Paper recently announced that the Huanggang base is operating normally, the Shouguang base has resumed some production lines, and the restored production capacity accounts for 23.23%, Other production bases.
Production halts, lawsuits, and pledges all occur at once! Shandong Chenming Paper is trapped in a "cash flow black hole"; the removal from Hong Kong Stock Connect becomes the last straw.
① What is the direct reason for Shandong Chenming Paper's stock price plummet this time? ② What specific financial and operational challenges does the company face?
Shandong Chenming Paper (01812.HK) has been removed from the list of Hong Kong stocks eligible for the Shenzhen-Hong Kong Stock Connect, effective from today.
The Shenzhen Stock Exchange announced that Shandong Chenming Paper (01812.HK)(000488.SZ) has been subject to Other risk warning for its A-shares listed on the Shenzhen Stock Exchange. According to relevant regulations, Shandong Chenming Paper is removed from the list of eligible securities for Hong Kong Stock Connect, effective from today (21st). (ta/w)~