金沙集团1862入口

R金沙集团1862入口o Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that it will transfer all its equity in its corrugated packaging subsidiary, Guangdong R金沙集团1862入口o Packaging Co., Ltd. (Guangdong R金沙集团1862入口o), which is located in Foshan City, Guangdong, China, to Sun Hing Paper Company, Limited, a subsidiary of Hung Hing Printing Group Limited (Head Office: Hong Kong).

Hung Hing Printing is an equity-method affiliate of R金沙集团1862入口o in which R金沙集团1862入口o holds a 29.91% stake. Although it will mean that Guangdong R金沙集团1862入口o will no longer be R金沙集团1862入口o's consolidated subsidiary, R金沙集团1862入口o will transfer its equity in Guangdong R金沙集团1862入口o to Sun Hing Paper to support Hung Hing Printing's plans aimed at expanding its corrugated packaging business in Guangdong.

The corrugated packaging business in China is an important strategic focus for the overseas operations of the R金沙集团1862入口o Group as a “General Packaging Industry” (GPI). R金沙集团1862入口o will work to further enhance its supply system within the region.