New York, New York, USA, 28 December 2009 -- (Marketwire) -- Orient Paper Inc., represented by New York-based securities law firm, Sichenzia Ross Friedman Ference LLP (www.srff.com
), is now listed on the NYSE Amex. under the ticker symbol (AMEX:ONP
), as of 17 December 2009.
"We are pleased and honored to represent Orient Paper, Inc. in its listing on the NYSE Amex," said Benjamin Tan, partner and head of the law firm's Asian Practice Group. "With Orient Paper, Inc., we have successfully listed our fourth Chinese-based company, which had previously traded on the Bulletin Board to the NYSE Amex, this year. We believe that this successful migration augments the trend of mature, successful, but undervalued Chinese Bulletin Board companies migrating to a senior exchange to bring about more visibility and recognition as well as liquidity to their stock," Tan said.
"We offer our congratulations to Orient Paper, Inc. on their listing on the NYSE Amex and their various accomplishments this year which include a successful reverse split of its shares and the closing of a USD 5 million financing transaction," commented Gregory Sichenzia, founding partner of the firm. "Orient Paper is representative of the success we have achieved with many China-based companies this year."
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. (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 near Beijing where the majority of 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
Sichenzia Ross Friedman Ference LLP was established in 1999 to provide experienced, professional representation in all matters involving the securities industry, and in all general corporate and litigation matters. The Asian Practice Group was formalized in 2008 and currently has two lawyers fluent in both Mandarin and English. SRFF's clients range from start-ups to established, listed companies. They include private and public corporations, partnerships, broker-dealers, bank-affiliated broker-dealers, investment advisors, registered personnel, public and corporate customers and investors, partnerships, and other entities. SRFF also advises institutional investors on transactions involving complex securities law considerations. For more information, visit www.srff.com.