Shandong Hailong And Chenming Paper Purchased Each Other
Shandong Hailong disclosed today that the company signed wood pulp with its associated Chenming Paper and its 2 subsidiaries.
Purchase and sale
Contract.
According to the contract, the company intends to sell 4475.503 tons of needle and leaf pulp to it, with a total price of 28 million 900 thousand yuan.
At the same time, the company intends to purchase 2746.72 tons of broadleaf pulp from Chenming Paper Industry and its subsidiary Qihe Chenming, with a total price of 15 million 470 thousand yuan.
The total amount of related party pactions amounted to 44 million 370 thousand yuan.
Shandong Hailong said that because of the structural adjustment, the use of softwood pulp decreased while the use of hardwood pulp increased. At the same time, coniferous wood pulp was in large stock while broad leaf pulp was in short stock.
The related pactions can increase the company's cash flow, improve the current and future.
Finance
Situation and reduce production costs.
At the same time, the paction is based on
market
The price will not damage the interests of the company and shareholders.
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