Shandong Chenming discloses new litigation cases totaling RMB1.2bn

Shandong Chenming Paper Holdings Limited (HKEX: 1812) announced that it is involved in 152 new cumulated litigation cases amounting to RMB1,200,552,400 between April 11, 2025, and May 22, 2025. These cases represent 13.11% of the company's latest audited net assets and primarily involve debt overdue and contract performance disputes. The company is actively addressing the cases through communication, negotiation, and settlements with creditors. A provincial-level creditor committee of financial institutions will maintain the company's existing credit line. The company is also focusing on improving liquidity through asset disposal and debt collection. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the company.