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You are here: Home1 / News2 / Company News3 / Sailun bond issuance application approved

Sailun bond issuance application approved

Date: 22nd September 2022 Author: Chris Anthony Comments: 0
In recent years, Sailun has actively expanded its production capacity. In addition to overseas factories, Sailun also plans to build a tyre manufacturing plant in the Dongjiakou area of Qingdao. (Photo: Sailun)

The China Securities Regulatory Commission reviewed and approved Sailun’s convertible bond public issuance application on 13 September. The tyre company plans to raise about 2 billion yuan (about 250.2 million pounds, 286.3 million euros), mainly for constructing two factories in Vietnam and Cambodia. Sailun said that investing in two overseas factories could further expand its tyre production capacity overseas and increase its manufacturing scale and market share.

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Related news:

  1. Jiangsu General raises funds for Cambodia factory
  2. Pirelli and Hixih move closer together
  3. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
  4. Sailun: 7 million tyres sold in Europe and counting
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ACTR, bond, Cambodia, China, funding, investment, Manufacturing, Sailun, shares, Vietnam

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