Orient Paper, Inc
Baoding, China, 05 November 2009 -- /PRNewswire/ -- Orient Paper, Inc. (OTC Bulletin Board: ORPN - News), 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 the company has effected a one-for-four reverse split of the company's common stock and traded on the Over the Counter Bulletin Board under the new ticker symbol "ORPN.OB," effective at the open of the market on 05 November 2009, so that every four shares of common stock before the reverse stock split represent one share of common stock after the reverse stock split. As a result of the reverse split, the company now has approximately 14,579,420 shares of common stock issued and outstanding.
Orient Paper, Inc., through its wholly owned subsidiaries, Shengde Holdings, Inc. and Baoding Shengde Paper Co., Ltd., controls and operates HBOP. Founded in 1996, HBOP is engaged in the production and distribution of products such as corrugated paper, offset 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 near to Beijing where the majority of Chinese publishing houses are based. Orient Paper is led by an experienced management team committed to diversifying the Company's product offering and delivering tailored services to its customers. For more information, visit http://www.orientalpapercorporation.com.