Nine Dragons declared and approved an interim dividend of RMB 5.0 cents per share.
Earlier Nine Dragons Industries announced more than EUR 100 million investment into expansion of containerboard production at its Quanzhou and Chongqing mills in China.
About Nine Dragons:
The company is a global leader in recovered paper based paper manufacturing in terms of production capacity. The company and its subsidiaries produce linerboard, high performance corrugating medium and coated duplex board. The group produces printing and writing paper in Dongguan and Taicang and packaging paperboard and specialty paper in Leshan, Sichuan Province. The group has also acquired 100% control equity interest in Hebei Yongxin Paper Co., Ltd.