Sailun bond issuance application approved
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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