HENGFENG PAPER: Received approval from indirect controlling shareholder to issue shares for asset acquisition

HENGFENG PAPER announced that the company intends to acquire 100% equity of Sichuan Jinfeng Paper Co., Ltd. through the issuance of shares to purchase assets. Recently, the company received approval from its indirect controlling shareholder Heilongjiang New Industry Investment Group Co., Ltd., which in principle agrees to this transaction plan