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Chenming Paper sells 60% in Haicheng Haiming Mining
19 Aug 2019
(Infocast News) Shandong Chenming Paper (01812) has agreed to sell all its 60% stake in Haicheng Haiming Mining, together with RMB1.528 bilion loan due from Haicheng Haiming Mining, to Jiangsu Fuda Enterprise Investment for a total consideration of RMB1.949 billion.

Haicheng Haiming Mining's business scope includes the underground mining of magnesite, processing and sales of magnesite and talc, import and export of goods and technologies, and electricity sales.

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