I bought this company years ago when it was expanding into Europe. The stationary business today is being disrupted by digital tech and I think the company had diversified into the packaging industry because of this. It is interesting to see how the company is going to be transformed. I have covered Asia File as a case study in my value investing book. If you want to see the book in infographics format go to https://www.i4value.asia/2022/08/do-you-really-want-to-master-value.html#more