The principal business of C&D Newin Paper & Pulp Corporation Limited (" C&D Newin ", Stock code of the Stock Exchange of Hong Kong: HK. 00731) is paper manufacturing business and has a wholly-owned subsidiary, Universal Pulp &Paper (Shandong) Co . Ltd, which mainly produces High Quality Coated Duplex Board , Kraftliner and Testliner with an annual production scale of more than 400,000 tons. At the same time, it owns a power plant and a sewage treatment plant.