IT Tech Packaging Inc T.ITP

Primary Symbol: ITP

Forest Products Paper & Paper Products

IT Tech Packaging, Inc., formerly Orient Paper, Inc. is a holding company for the Hebei Baoding Orient Paper Milling Company Limited (Orient Paper HB), a producer and distributor of paper products in China. The Company is engaged in production and distribution of four categories of paper products: corrugating medium paper (CMP), offset printing paper, digital photo paper and tissue paper products. The Company, through Baoding Shengde Paper Co., Ltd. (Orient Paper Shengde), is engaged in production and distribution of digital photo paper. The Company operates through two segments: Orient Paper HB, which produces printing paper and CMP, and Orient Paper Shengde, which produces digital photo paper. CMP is used in the manufacturing of cardboard. The Company has over two corrugating medium paper production lines, including PM6 and PM1. The Company also produces finished tissue paper products that are marketed and sold under the Orient Paper brand.

NYSEAM:ITP - Post by User

IT Tech Packaging Inc

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Post by classActionHeroon Jun 01, 2022 5:02pm

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Post# 34724619

Nice lil rally!

Since May 24, 2022, ITP doing well, anyone have any idea why it stumbled before the investor vote? With 99.5% saying yes, no issue on that end now.

- Exerpt from their Arrangement Agreement:
'The transaction, which will be effected pursuant to a court-approved plan of arrangement, is expected to close in the third quarter of 2022. The transaction is not subject to a financing condition but is subject to customary closing conditions, including receipt of shareholder, regulatory and court approvals.'

Quebec court has also approved the 'arrangement'

So pitfalls are now closing conditions?

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