Shandong Linglong Tire Co. has finally made the decision to announce it’s much-rumoured factory in Serbia. However, the project is only at the ‘intention’ stage. Linglong’s statement said it has not yet received appropriate approvals from the Chinese government and there are many risks that may lead to delays in the project. Final approvals in
On June 13th, Shandong Linglong Tires Ltd announced a preliminary notice of its initial public offering (share offering) on a Chinese stock exchange. The issuer’s stock is shortened as “Linglong tire”, stock code “601966”on the Shanghai Stock exchange. The company aims to issue 200m shares at RMB12.98 (USD1.97) each, raising a maximum of almost USD400m.