HK Stock Market Move | CHENMING PAPER (01812) rises more than 13% in the afternoon, Sunny Loan Top reaches a settlement with Chenming Group, and the company terminates the construction of the Chenming Phase II project in Huanggang.

CHENMING PAPER (01812) rose more than 13% in the afternoon, reaching an increase of 8.2% by the time of publication, trading at 0.66 Hong Kong dollars with a turnover of 441.89 million Hong Kong dollars. On the news front, on April 23, Sunny Loan Top announced that its holding subsidiary, Xiangyi Leasing, had reached a mediation agreement with a subsidiary of CHENMING PAPER regarding a finance lease dispute amounting to 504 million yuan, with the debt being extended for 3 to 4 years. In addition, CHENMING PAPER announced the decision to terminate the construction of the Huanggang Chenming Phase II project, mainly due to the reduction of loan size by some financial institutions, causing difficulties in forming the consortium loan for the project. Public information shows that CHENMING PAPER is currently facing severe financial difficulties and a state of production stoppage, with debt issues being particularly prominent. As the production base of CHENMING PAPER has been shut down for maintenance for over 3 months, and production has not been fully restored on a large scale, CHENMING PAPER's stock has been subject to other risk alerts since trading opened on February 21, 2025, with the stock abbreviation changing from "CHENMING PAPER" to "Shandong Chenming Paper" in the A-share market.