Orient Paper announces Chairman's share purchase plan
Sep 19, 2011. Orient Paper, Inc. announced that the Company's Chairman and CEO Zhenyong Liu, intends to purchase up to $400,000 worth of the Company's common shares in open-market transactions during the next three months.
Sep 19, 2011. /Lesprom Network/. Orient Paper, Inc. announced that the Company's Chairman and CEO Zhenyong Liu, intends to purchase up to $400,000 worth of the Company's common shares in open-market transactions during the next three months.
Mr. Liu commented, "I believe that Orient Paper's shares are significantly undervalued and represent a sound investment opportunity given recent trading prices. I strongly believe in the fundamentals of the Company's business and its future growth prospects. Therefore, I intend to purchase shares of our Company's common stock, which demonstrates my confidence in Orient Paper and reflects my commitment to increasing shareholder value."
The share purchases will be made in a manner consistent with Orient Paper's stock-trading policy and relevant securities laws.
Orient Paper, Inc., through its wholly owned subsidiary, Shengde Holdings, Inc., controls and operates Baoding Shengde Paper Co., Ltd., and Hebei Baoding Orient Paper Milling Co., Ltd ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, and other paper and packaging-related products in China.