Yanbian Shixian Bailu Papermaking (SHSE: 600462) planned to sell 6350MM paper machines (PM 10) and ancillary equipment to Shandong Chenming Paper Holdings (SZSE: 000488) and Zhanjiang Chenming Pulp & Paper at CNY 204 million.
Shixian meanwhile will buy 49% shares in Yanbian Chenming held by Shandong Chenming at CNY 54 million.
Yanbian Chenming, specializing in viscose fiber pulp, has had total assets, total liabilities and net assets of CNY 325.7265 million, CNY 193.4119 million and CNY 132.3145 million by the end of 2012.
Source:
http://www.sinocast.com/readbeatarticle.do?id=93558
