There is a new development in the transfer of 100% equity interest in the Bohui Group.
On June 29, the announcement of Bohui Paper, a listed company of Bohui Group, disclosed that it received the “Decision on Non-Prohibition of Operator Concentration Anti-Monopoly Review” issued by the State Administration of Market Supervision and Administration to Jinguang Paper (China) Investment Company Limited (hereinafter referred to as “Jinguang Paper”), which does not prohibit Jinguang Paper’s acquisition of equity interests in Bohui Group.
As of the end of 2019, Bohui Paper’s gearing ratio is 72.78%, interest-bearing liabilities have exceeded 10 billion yuan, and the monetary capital is only 1.968 billion yuan. 2019, Bohui Paper’s 450,000-ton high-grade information paper project with a budget of 1.719 billion yuan is still waiting for the continuous investment of self-financing funds. As of the end of 2019, the project progress of this new expansion project is only 3%.
It is reported that after Bohui Group was informed by the Central Environmental Protection Inspectorate, its major environmental violations and implicated a number of local officials were punished, which will have a greater impact on the enterprise in terms of bank loans and financing; at the same time, the management of environmental issues requires a large amount of capital, and the impact of environmental protection or spread to the company’s capital chain operation, which may be an important reason why the real controller of Bohui Group intends to transfer 100% of its shares.
–Information from China Business News
Zhanjiang Chenming was 29.36 million yuan of environmental incentives funds
(hereinafter referred to as “Zhanjiang Chenming”) in water conservation and emission reduction and odor management of outstanding performance, in recognition of Zhanjiang Chenming in the promotion of high-quality economic development in Guangdong Province and pollution prevention and control work made outstanding contributions, Zhanjiang City Government recently Zhanjiang Chenming to give two environmental protection incentive funds totaling 29.36 million yuan.
–Information from GloomHub
Neo-crown pneumonia did not stop global trade in forest products
Over the past few months, the coronavirus epidemic has had a negative impact on supply chains in many industrial sectors around the world. Trade-in many commodity products declined during March and April due to reduced demand, the closure of manufacturing facilities to protect workers, limited cargo handling capacity in many ports, and widespread financial difficulties. However, according to the Resource Institute, one sector that remained fairly strong in the initial stages of the epidemic was the forest products industry.
Demand for toilet paper, masks, disinfectant wipes, corrugated paper for cardboard boxes, and wood products for house renovations are just a few forest products that have seen unusually high demand in many countries this spring.
Global trade in lumber, logs, wood chips, and pulp increased in March compared to the previous month.
Softwood Logs – China increased its imports of lumber by 14 percent, most of which originated in New Zealand, Germany, and Russia. Log imports to South Korea were up 19 percent, while log exports from Australia and Canada were up 70 percent in March compared to the previous month.
Shipments of softwood lumber from New Zealand and Canada were up 32 percent and 25 percent, respectively. Lumber imports rose in most major markets in March, including China (up 59 percent), the U.S. (up 27 percent), the U.K. (up 13 percent), and Japan (up 10 percent).
Wood pulp – Brazil, the U.S., and Chile, three of the four largest pulp exporters, increased their exports by 12 to 26 percent in March. Pulp imports from the five largest importing countries were all higher in March than in February, with China and South Korea showing the largest increases in pulp consumption (40 percent and 29 percent, respectively). Pulp imports by the five largest importing countries were higher in March than in February, with China and South Korea showing the largest increases in pulp consumption (40 percent and 29 percent, respectively).
China, Portugal, and South Korea imported more wood chips for the pulp industry in March than in the previous month. Most major chip exporters, including Australia, Thailand, South Africa, and Brazil, shipped more chips in March than they did in February.
In the coming months, many countries around the world plan to ease blockade policies and loosen regulations that restrict home construction, international commerce, and consumer purchases. These changes could further benefit many companies in the forest industry sector.
–Information from Lesprom