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BRIEF-Orient Paper says as of Dec 31, 2016, co had assets of about $14.5 mln
March 22, 2017 / 8:38 PM / 7 months ago

BRIEF-Orient Paper says as of Dec 31, 2016, co had assets of about $14.5 mln

March 22 (Reuters) - Orient Paper Inc

* Orient Paper - as of Dec 31, 2016, co had assets of about $14.5 million, liabilities of about $20.6 million , resulting in working capital deficiency of about $6.1 million

* Orient Paper - currently seeking to restructure term of liabilities by raising funds through long-term loans to pay off liabilities with shorter terms

* Orient Paper - ability to continue as going concern dependent upon obtaining necessary financing or negotiating terms of existing short-term liabilities

* Orient Paper - in addition to working capital deficit, had entered into contracts with capital expenditure commitments for about $14 million as of Dec 31 - SEC filing Source text for Eikon: Further company coverage:

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