Zhengye International investing in Jiangxi mill

摘要

Chinese packaging company Zhengye International Holdings is acquiring an 80% stake in a recycled board mill in Ganzhou city, Jiangxi province. Last week the Hong Kong-listed company's wholly-owned subsidiary Zhongshan Yongfa Paper Industry entered into an agreement with Jiangxi Shengjing Tech nology to buy an S0% equity interest in the latter's wholly owned subsidiary Yudu Zhengyi Paper for RMB 60 milliards.7 million).