APP China subsidiary becomes second largest Shandong Bohui shareholder

BEIJING, June 28, 2019 (PPI Asia) -Ningbo Asia Paper Tube & Carton Box, a wholly-owned subsidiary of APP China, acquired a 5% stake in Shandong Bohui Paper Industry as of June 20.

The corrugated packaging enterprise has revealed it plans to increase its holdings in the Shanghai-listed company to 6-15% in the next 12 months.

Ningbo Asia Paper Tube & Carton Box completed the purchase of 66,842,226 shares in Shandong Bohui, equal to 5% of its total outstanding shares, via block trades at a price of RMB 3.74 ($0.54) per share and via public bids at RMB 3.35-4.05 per share over the ...

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