HK Stock Market Move | ND PAPER (02689) rose more than 8%, received a loan of 2 billion RMB, and launched a $400 million perpetual capital securities repurchase offer.

ND PAPER (02689) rose more than 8%, as of press time, it increased by 8.05% to HK$7.11, with a turnover of HK$181 million. In terms of news, ND PAPER announced that on June 15, the company initiated a cash repurchase offer for its outstanding US$400 million 14.00% priority perpetual capital securities. The company aims to enhance its profitability and optimize its capital structure through the offer. Any securities accepted for repurchase by the company under the offer will be cancelled and recovered immediately upon delivery to the company. In addition, the company also disclosed that ND PAPER (Holdings) Limited (as borrower) has entered into a loan agreement with several banks (as lenders) to obtain a RMB 2 billion loan in June 2026. Sealand's recent research report pointed out that based on the company's FY2026H1 performance and the continuous realization of the pulp and paper integration dividend, with the gradual increase in wood pulp and high value-added paper production capacity in bases such as Hubei and Beihai, coupled with the marginal improvement in the supply and demand structure of the containerboard corrugated paper industry, the company's cost moat is expected to be further consolidated, and profit elasticity can be expected.