Published on ShanghaiDaily.com (http://www.shanghaidaily.com/)
http://www.shanghaidaily.com/sp/article/2008/200812/20081230/article_386420.htm
News report denied
Created: 2008-12-30 1:23:10
NINE Dragons Paper (Holdings) Ltd, China's biggest maker of containerboard used in packaging, denied media reports that it would declare bankruptcy at year-end, and said its finances are fine.
The Guangzhou-based Times Weekly reported last Thursday that an unidentified Web posting dated November 1 cited an unidentified Nine Dragons official as saying the company would declare bankruptcy because it couldn't repay a 500-million-yuan (US$73 million) loan.
The Guangzhou-based Times Weekly reported last Thursday that an unidentified Web posting dated November 1 cited an unidentified Nine Dragons official as saying the company would declare bankruptcy because it couldn't repay a 500-million-yuan (US$73 million) loan.
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