Key Developments: Orient Paper Inc (ONP)

ONP on American Stock Exchange

2.32USD
23 Jul 2014
Price Change (% chg)

$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Orient Paper Inc maintains FY 2014 guidance
Thursday, 15 May 2014 08:00am EDT 

Orient Paper Inc:Maintains guidance for FY 2014, with revenue ranging between $146 mln and $161 mln, net income to be between $15 mln and $17 mln, and basic and diluted earnings per share (EPS) between $0.81and $0.90.  Full Article

Orient Paper Inc gives FY 2014 guidance
Tuesday, 25 Mar 2014 08:30am EDT 

Orient Paper Inc:Expects FY 2014 revenues to be in the range of between $146 million and $161 million.Expects FY 2014 net income to be between $15million and $17million.Expects FY 2014 diluted earnings per share to be between $0.81 and $0.90.  Full Article

Orient Paper Inc Raises FY 2013 Guidance
Tuesday, 12 Nov 2013 05:10pm EST 

Orient Paper Inc announced that for fiscal 2013, it expects revenues to be in the range of between $120 million and $132 million, gross profit to be between $21 million and $23 million, net income to be between $11 million and $13 million, and basic and diluted earnings per share (EPS) to be between $0.64 and $0.71.  Full Article

Orient Paper Inc Declares Dividend
Tuesday, 12 Nov 2013 05:10pm EST 

Orient Paper Inc announced that the Board of Directors has approved the payment of a quarterly dividend of $0.005 per share, with the record date on November 29, 2013. The dividend is expected to be paid on December 16, 2013.  Full Article

Orient Paper Inc Reaffirms FY 2013 Guidance
Monday, 12 Aug 2013 08:30am EDT 

Orient Paper Inc reaffirmed fiscal 2013, it expects revenues to be in the range of between $117 million and $129 million, net income to be between $9 million and $10 million, and basic and diluted earnings per share (EPS) to be between $0.51 and $0.56.  Full Article

Orient Paper Inc Approves Sale Of Headquarters Compound
Monday, 12 Aug 2013 08:00am EDT 

Orient Paper Inc announced that Board of Directors has approved the sale of the land use rights of headquarters compound, the office building and all industrial-use buildings (the Industrial Buildings) and three employee dormitories (the Dormitories) located on Juli Road in Xushui County, Hebei Province, to Hebei Fangsheng Real Estate Development Co. Ltd. (Hebei Fangsheng) for approximately $8.23 million in cash. The sale of these assets by the Company to Hebei Fangsheng is referred to herein as the Transaction. According to the terms of the agreement covering the sale of the Dormitories, Hebei Fangsheng will sell all 132 units to current or future qualified employees of the Company at acquisition price, which is the Company's construction original cost of approximately $4.29 million.  Full Article

SEC Closes Investigation Of Orient Paper Inc With No Enforcement Action
Wednesday, 3 Jul 2013 07:30am EDT 

Orient Paper Inc announced that the staff of the United States Securities and Exchange Commission (SEC) has notified the Company that it has completed an investigation of the Company and does not intend to recommend any enforcement action by the SEC. The staff began an informal inquiry regarding the Company in December 2010.  Full Article

Orient Paper Inc Reaffirms FY 2013 Earnings Guidance
Wednesday, 15 May 2013 05:10pm EDT 

Orient Paper Inc announced that it reiterates commitment to the Company's net income and earnings per share, for fiscal 2013.  Full Article

Orient Paper Inc Declares First Quarter 2013 Dividend Of $0.0125 Per Share
Thursday, 4 Apr 2013 08:30am EDT 

Orient Paper Inc announced that its Board of Directors declared another quarterly cash dividend of $0.0125 per share. The dividend is payable on April 30, 2013 to shareholders of record as of the close of business of April 16, 2013.  Full Article

Orient Paper Inc's Hebei Baoding Orient Paper Milling Co., Ltd Signs Construction And Installation Contract And Secures Land Lease For Paper Production Facilities
Monday, 7 Jan 2013 08:01am EST 

Orient Paper Inc announced that it has secured the land lease for its new household/tissue paper production facilities as well as signed the construction and installation contract for the first production line in these facilities, through its subsidiary Hebei Baoding Orient Paper Milling Co., Ltd. (Orient Paper HB). Orient Paper HB has also signed a construction and installation contract with a paper manufacturing equipment provider in China, for the first of its two household/tissue paper production lines, each having a designed capacity of 15,000 tonnes per year. The consideration for the first production line under the contract is RMB31 million (USD5.0 million), funded by the Company out of cash on hand, with installation scheduled to be completed by the end of the second quarter of 2014. The Company estimates that the total cost of the two tissue paper production lines and related facilities will be approximately USD43.5 million. When full anticipated production is achieved, the Company expects the two production lines to generate up to USD30 to USD34 million of revenue annually.  Full Article

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