China Paper

China Paper: Profit warning for 4Q12, expects to report a net loss for the period vs profit in 4Q11. The expected loss to be recorded in 4Q2012 is mainly attributable to a drop in sales and the average selling price for the Group’s paper products having fallen in November and December 2012, as a result of the slowdown in the PRC economy. The sales slowdown also caused the mgmt to temporarily halt production at one of its plants since early Dec-12, and hopes to resume production by 2Q13.