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Stock Market & Financial Investment News

News Breaks
July 3, 2013
09:54 EDTONPOrient Paper rallies after SEC ends investigation with no action
Orient Paper announced earlier today that the staff of the SEC has notified the company that it has completed an investigation of the company and does not intend to recommend any enforcement action. The staff began an informal inquiry regarding the company in December 2010. The company said, ""We are very happy to put this matter behind us as we continue to expand our business in the North China region to ride on the growth opportunities presented by the rising urbanization in the country. We are ramping up our new corrugating medium paper production line and building our new tissue paper facility as planned to tap on the unmet market needs here in this region." Shares of Orient Paper are up 58%, or 86c, to $2.35 following the news.
News For ONP From The Last 14 Days
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August 28, 2014
06:40 EDTONPOrient Paper raises $2.5M in a registered direct offering
Orient Paper announced that it has entered into a definitive agreement with an institutional investor for a registered direct placement of $2,500,000 of shares of common stock at a price of $1.60 per share. In addition, the Company will issue to the investor warrants to purchase up to 781,250 shares of common stock. The warrants have an exercise price of $1.70 per share and are exercisable for five years following issuance. H.C. Wainwright & Co., LLC, acted as the exclusive placement agent in connection with this offering.

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