DALLAS, TEXAS : StockGuru announces that Orient Paper Inc. (OTCBB: OPAI) is in the StockGuru Spotlight. 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 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 in close proximity to 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.
On Wednesday, the company put out news announcing that it has engaged BDO Limited, the Hong Kong member firm of the BDO International network, as its new independent auditor on October 7, 2009. BDO Limited will replace Davis Accounting Group P.C.(”Davis Accounting Group”), which continues to serve as the Company’s auditor until Form 10-Q for the third quarter of 2009 is filed.
Shares for Orient Paper Inc. (OTCBB: OPAI) were down during the late afternoon of trading on Wednesday and closed down one cent at closing.
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