HKG:2689

3 stories mentioning HKG:2689

Every FINWIRES story that references HKG:2689, newest first.

Nine Dragons Paper Launches Tender to Buy Back Up to $400 Million Securities

Nine Dragons Paper (HKG:2689) launched a tender offer to buy back any of its outstanding capital securities under a $400 million issue, according to a Monday filing with the Hong Kong bourse.The repurchased senior perpetual securities, which carry an interest rate of 14%, will be cancelled, the paper maker said.As of Monday, three executive directors of the company and/or their associates hold roughly 81% of the outstanding principal amount of the securities.

HKG:2689

Asia7h ago

Nine Dragons Paper Secures 2 Billion Yuan Term Loan Facility; Shares Up 8%

Nine Dragons Paper (HKG:2689) entered into a facility agreement to obtain a 2 billion yuan term loan facility from multiple banks in June, according to a Monday Hong Kong bourse filing.The facility has a term of three years. The filing did not disclose the interest rate, participating lenders, or intended use of proceeds.Shares of the paper manufacturer rose 8% in recent trading.

HKG:2689

Asia27d ago

Nine Dragons Paper Renews Supply Agreements

Nine Dragons Paper (HKG:2689) renewed multiple supply agreements with its associate Dongguan Longteng, according to a Monday filing with the Hong Kong bourse.The paper products maker's shares fell over 1% in morning trade Tuesday.Under the agreements, the group will purchase packaging materials from Dongguan Longteng and in turn supply packaging paper products to the company for a three-year term ending June 30, 2029.The firm also renewed a chemical purchase agreement with Cheng Ming Group and Guangdong Chengming, also for a three-year term ending June 30, 2029.Under the agreement, the firm will purchase chemicals to meet its production requirements.Nine Dragons similarly agreed to purchase recovered paper, pulp products, woodchips and related products from ACN, Tianjin ACN, and Hainan ACN for a three-year term ending June 30, 2029.

HKG:2689