Samson Paper完成重组；任命首席执行官、首席财务官

11:50 PM EST, 01/25/2022 (MT Newswires) -- Samson Paper Holdings (HKG:0731) completed its proposed debt restructuring today, Jan. 26, which includes the arrangement agreed on with certain creditors, capital reorganization, share placement, and a subscription deal, according to a same-day filing.

The paper products manufacturer transferred the entire equity interests of Samson Paper (BVI) to a special purpose vehicle for the benefit of certain creditors. Samson Paper (BVI) holds certain subsidiaries that were part of the transfer.

Samson Paper also completed today its proposed capital reorganization, in which the value of each issued share was trimmed to HK$0.005 ($0.00064) from HK$0.10 and every 10 issued and unissued shares were consolidated into one new share.

The company concluded the placement of 56,584,032 new shares for HK$0.12 each through placing agent Kingkey Securities Group, as well as a subscription deal for 990,220,583 shares for the same price with a certain investor.

Additionally, Samson Paper named Shi Yaofeng as its chief executive officer and Lu Zhiwen as its chief financial officer, effective on the same day.

Shi served as deputy general manager of Xiamen C&D Paper, while Lu has been finance chief of the firm since 2008.

Samson Paper resumed trading on the Hong Kong bourse today, after being halted from July 2, 2020.

Price (HKD): $0.37, Change: $+0.37, Percent Change: +4.29%