In the third major share placement announced in the last week, Sailun and Jinyu are preparing a private placement of shares worth up to RMB1500m (USD228m). The cash will be used to fund an overseas capacity building programme. A series of stock exchange announcements on Tuesday 12 Jan revealed the project, approved by the board
Shandong Linglong held its annual review in front of almost 300 employees on 9 January. The meeting was addressed by Linglong chairman Wang Feng (王锋), deputy general manager Wang Xianqing (王显庆) and others. Source (Chinese language)
China’s Securities Regulation Commission has approved Shandong Linglong Tyre Co.’s application for an initial public share offering (IPO). The Commission originally looked at the application in December and decided to delay the decision until 13 Jan. Linglong plans to issue not more than 200m shares. Linglong’s draft prospectus said the proceeds will be used to
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