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Published on: Wednesday, March 03, 2021 By: Bernama Text Size: Kuala Lumpur: China’s Nine Dragons Paper (Holdings) Limited, the largest paper and paperboard manufacturer in Asia, is committed to increasing its investment by RM5.4 billion in Malaysia, said Prime Minister Tan Sri Muhyiddin Yassin. He said the increase in investment by the group clearly reflected the confidence of foreign investors to continue making Malaysia their destination of choice. “The Malaysian government is very ‘pro-business’ and always welcomes the entry of new investments into the country, and is ready to off...

KUALA LUMPUR (March 2): China’s Nine Dragons Paper (Holdings) Ltd, the largest paper and paperboard manufacturer in Asia, is committed to increasing its investment by RM5.4 billion in Malaysia, said Prime Minister Tan Sri Muhyiddin Yassin. He said the increase in investment by the group clearly reflected the confidence of foreign investors to continue making Malaysia their destination of choice. “The Malaysian government is very ‘pro-business’ and always welcomes the entry of new investments into the country, and is ready to offer various incentives to encourage more foreign investmen...

Third From left is Nine Dragons Paper (Holdings) Ltd chairlady, Cheung Yan with Prime Minister Tan Sri Muhyiddin Muhammad Yassin. First from left is Nine Dragons Paper PR and admin director Isabel Kow Soek Foon and deputy CEO Zhang ChengFei. Second from right is Senior Minister, Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali and MIDA CEO Datuk Azman Mahmud. KUALA LUMPUR: China’s Nine Dragons Paper (Holdings) Ltd will invest up to RM5.40bil, involving the acquisition of a mill, and a factory to focus on paper products in Malaysia, endorsing the country’s attracti...

2021-03-02 11:32:24 GMT2021-03-02 19:32:24(Beijing Time) Xinhua English KUALA LUMPUR, March 2 (Xinhua) -- Nine Dragons Paper, a Chinese paper manufacturing company listed on the Hong Kong Stock Exchange, will invest 5.4 billion ringgit (about 1.33 billion U.S. dollars) in Malaysia, the Malaysian Investment Development Authority (MIDA) said on Tuesday. The group's investments in Malaysia consists of two manufacturing facilities, namely ND Paper (Malaysia) in Bentong, Pahang involving the acquisition of an existing pulp and paper mill with a total investment value of 1.2 billion ringgit;...

China’s ‘Paper Queen’ Makes a $4.6 Billion Bet on Southeast Asia A Nine Dragons’s paper storage facility in Chongqing, Southwest China’s Chongqing Municipality, in November 2018. Photo: VCG (Nikkei Asia) — When China announced it would stop importing foreign waste — including a crucial component in the production of cardboard — Cheung Yan, the co-founder and chairwoman of the country’s largest paper manufacturer, faced a government-imposed check on her thriving business that could stunt growth. Now, three years later, Cheung, known in China as the “paper queen,” and her ...