---
title: "C&D NEWIN: NCD will become a wholly-owned subsidiary of Hong Kong Paper Source"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/255795901.md"
description: "C&D NEWIN announced that Hong Kong Paper Source Limited has acquired 55% of the shares of NCD Investment Holding Limited, making NCD a wholly-owned subsidiary of Hong Kong Paper Source. This acquisition simplifies the equity structure of Hong Kong Paper Source, with NCD holding 70% of the shares of C&D NEWIN"
datetime: "2025-09-03T12:50:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/255795901.md)
  - [en](https://longbridge.com/en/news/255795901.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/255795901.md)
---

# C&D NEWIN: NCD will become a wholly-owned subsidiary of Hong Kong Paper Source

According to the Zhitong Finance APP, C&D NEWIN (00731) announced that the company's board of directors was informed by Hong Kong Paper Source Limited (Hong Kong Paper Source, one of the company's controlling shareholders, indirectly holding 70% of the company's issued share capital) that it has acquired 55 shares of NCD Investment Holding Limited (NCD) from Glenfor Investment Holding Limited (Glenfor), representing 55% of NCD's total issued share capital.

As of the date of this announcement, NCD is the direct controlling shareholder of the company, holding 990 million ordinary shares, equivalent to 70% of the issued shares. Prior to the acquisition, NCD was held 55% by Glenfor (wholly owned by Hong Kong Paper Source) and 45% directly by Hong Kong Paper Source. After the acquisition, NCD becomes a wholly-owned subsidiary of Hong Kong Paper Source.

The main reason for the acquisition and adjustment of the equity structure is to simplify the equity structure of Hong Kong Paper Source

### Related Stocks

- [00731.HK](https://longbridge.com/en/quote/00731.HK.md)

## Related News & Research

- [Warner introduces bill to require Senate-confirmed acting DNIs in wake of Pulte controversy](https://longbridge.com/en/news/290594931.md)
- [EU closes Russian oil 'refining loophole' but sanctions gaps remain - KSE](https://longbridge.com/en/news/290542078.md)
- [ZAWYA: Dubai Residential REIT’s landmark listing named Best IPO in the Middle East by EMEA Finance](https://longbridge.com/en/news/290653337.md)
- [05:18 ETThe Power of Hair: Luvme Hair Crowned No. 1 Human Hair Wig Brand in the U.S. by Euromonitor International](https://longbridge.com/en/news/290539293.md)
- [BPA funding cut leaves Oregon fisheries facing $2.4M gap](https://longbridge.com/en/news/290496242.md)