Qunxing Paper
Encyclopedia
Qunxing Paper Holdings Limited is the largest decorative base paper
manufacturer in the People's Republic of China
, specializing in decorative base paper products and printing paper product. Its production base is located in Zouping County, Shandong Province. It serves 13 provinces, autonomous regions and municipalities in the PRC.
Qunxing Paper was listed on the Hong Kong Stock Exchange
on 2 October 2007, with its IPO price HK$5.35 per share. Its share price closed at HK$8.58 at the first trading day, 60% premium
over its IPO price. But with the poor investment atmosphere due to United States
subprime mortgage crisis
since November 2007, Qunxing Paper later dropped below the IPO price.
Paper
Paper is a thin material mainly used for writing upon, printing upon, drawing or for packaging. It is produced by pressing together moist fibers, typically cellulose pulp derived from wood, rags or grasses, and drying them into flexible sheets....
manufacturer in the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
, specializing in decorative base paper products and printing paper product. Its production base is located in Zouping County, Shandong Province. It serves 13 provinces, autonomous regions and municipalities in the PRC.
Qunxing Paper was listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
on 2 October 2007, with its IPO price HK$5.35 per share. Its share price closed at HK$8.58 at the first trading day, 60% premium
Premium
Premium may refer to:* Premium , a promotional item that can be received for a small fee when redeeming proofs of purchase that come with or on retail products....
over its IPO price. But with the poor investment atmosphere due to United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
subprime mortgage crisis
Subprime mortgage crisis
The U.S. subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages....
since November 2007, Qunxing Paper later dropped below the IPO price.