Qunxing Paper Holdings Limited (SEHK: 3868) 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.
Famous quotes containing the word paper:
“I blame the newspapers because every day they call our attention to insignificant things, while three or four times in our lives, we read books that contain essential things. Once we feverishly tear the band of paper enclosing our newspapers, things should change and we should find—I do not know—the Pensées by Pascal!”
—Marcel Proust (1871–1922)