Receive our newsletter – data, insights and analysis delivered to you
  1. News
January 5, 2018

Deals this week: Shandong Chenming Paper Holdings, Huhtamaki

Shandong Chenming Paper Holdings plans to raise $1bn through the issue of bonds.

Shandong Chenming Paper Holdings plans to raise $1bn through the issue of bonds.

The nominal coupon rate of the bonds will be determined based on the level of market interest rate and other factors. The bonds will have a maximum maturity rate of five years.

“The divesture is a part of Huhtamaki’s strategy to consolidate its packaging operations in South China and to improve its competitiveness.”

A Chinese paper-making and power generation company, Shandong proposes to use the funds for repayment of bank loans and towards working capital.

Chinese packaging firm Huhtamaki has sold one of its manufacturing facilities located in Shandong to local investment company Guangzhou Yashao for €14m ($16.6m).

The divesture is a part of Huhtamaki’s strategy to consolidate its packaging operations in South China and to improve its competitiveness.

Content from our partners
Food fraud in the supply chain (and how to fix it)
Cutting-edge innovation in fish packaging
Newtec’s new hyperspectral imaging camera
Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The packaging industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU