Orient Paper, Inc. (OTC Bulletin Board: ORPN) which controls and operates Hebei Baoding Orient Paper Milling Co., Ltd. ("HBOP"), a leading manufacturer and distributor of diversified paper products in Hebei, China, today announced that it has received authorization to list its common stock on the NYSE AMEX market.
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Orient Paper expects to begin trading on NYSE AMEX, a subsidiary of NYSE Euronext market on Thursday, December 17, 2009 under the ticker "ONP," until which time its common stock will continue to trade on the Over the Counter Bulletin Board under the symbol "ORPN. "We are excited to report that our application to list on NYSE AMEX has been approved," said Mr. Zhenyong Liu, chairman and CEO of Orient Paper. "This is a major milestone for Orient Paper in our plan to expand our product awareness in China. The NYSE AMEX's approval will also strengthen our image in China's paper industry in terms of reliability and credibility among customers. We are honored to join the NYSE AMEX group of companies and believe we will attract additional interest from the investment community and further enhance our corporate image and visibility in the US capital markets." Orient Paper, Inc., through its wholly owned subsidiaries, Shengde Holdings, Inc. and Baoding Shengde Paper Co., Ltd., controls and operates Hebei Baoding Orient Paper Milling Co., Ltd. ("HBOP"). Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugating medium paper, offset printing paper, writing paper, and other paper and packaging-related products in China. The Company uses recycled paper as its primary raw material. As one of the largest paper producers in Hebei Province, China, the Company is strategically located in Baoding, a city in close proximity to Beijing where the majority of publishing houses are based.
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