Qunxing Paper
From Wikipedia, the free encyclopedia
| Qunxing Paper 群星纸业 |
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| Type | Privately held company |
| Founded | 1999 |
| Headquarters |  Zouping, Shandong, China |
| Area served | People's Republic of China |
| Key people | Chairman: Mr. Zhu Yuguo |
| Industry | Paper manufacturing |
| Products | Decorative base paper |
| Website | Qunxing Paper Holdings Limited |
Qunxing Paper Holdings Limited (SEHK: 3868) is the largest decorative base paper manufacturer in the People's Republic of China, specializing in decorative base paper products and printing paper product. Its production base is located in Zouping County, Shandong Province. It serves 13 provinces, autonomous regions and municipalities in the PRC.[1]
Qunxing Paper was listed on the Hong Kong Stock Exchange on 2 October 2007, with its IPO price HK$5.35 per share. Its share price closed at HK$8.58 at the first trading day, 60% premium over its IPO price.[2] But with the poor investment atmosphere due to United States subprime mortgage crisis since November 2007, Qunxing Paper later dropped below the IPO price.
