Shinpoong Paper Mfg. Co., Ltd is a Korea-based company engaged in the manufacture of white duplex boards for packaging. It also distributes imported paper products. During the year ended December 31, 2010, the Company had a production capacity of 292,000 tons of packing materials and boxes and its actual output was 150,643 tons. The Company distributes its products within domestic market and to overseas markets. As of December 31, 2011, the Company had one subsidiary, engaged in the sale of imported automobiles. On August 9, 2011, the Company completed the merger with its wholly owned subsidiary, mainly engaged in paper sales business.
(Source: ARS)