Yueyang Forest Paper (600963.SH) plans to spend 1,278 billion yuan to purchase 100% of Juntai Technology's shares to deepen the “Lin Pulp and Paper” integration strategy

According to the Zhitong Finance App, Yueyang Forest Paper (600963.SH) announced that the company plans to purchase 100% of the shares in Hunan Juntai New Material Technology Co., Ltd. (“Juntai Technology”) held by the controlling shareholder Teglin Paper Group Co., Ltd. (“Teglin Paper”) with 1,278 billion yuan in cash.

The acquisition of 100% of Juntai Technology's shares is an important step for the company to build a high-end green pulp and paper industry, deepen the “forest pulp and paper” integration strategy, improve the industrial chain layout, expand the scale of the main business, and enhance its control and influence over upstream resources. After Juntai Technology is injected into the company, effective collaboration in the industry can increase the diversity of the company's products, further enhance the company's pulp self-sufficiency rate, and help the company calm the cyclical risks of the industry. In the long run, by integrating key areas such as raw material procurement, technological innovation, and the cultivation of emerging businesses, we will achieve efficient allocation of resources and sustainable development, and further enhance the company's profit level and core competitiveness.