Linglong Tire has withdrawn its support for the NBA China Games, which are taking place in Shanghai and Shenzhen this week. In a Chinese-language press release, the tyre maker stresses that the interests of the motherland, the People’s Republic of China, take precedence over everything else.
With the striking of a ceremonial gong, Prinx Chengshan (Cayman) Holding Limited went live on the Hong Kong Stock Exchange at precisely 9:30am on 9 October. The tyre maker’s listing last month followed nearly a year of preparations and represents an important step in a growth and internationalisation strategy that also includes producing in Southeast Asia and making greater inroads into European and North American markets.
The striking of a ceremonial gong at precisely 9:30am this morning marked the listing of Prinx Chengshan (Cayman) Holding Limited on the Hong Kong Stock Exchange. Today’s listing follows nearly a year of preparations and represents an important step in the company’s growth and internationalisation strategy. Trading under stock code 1809, Prinx Chengshan is the first China-based tyre manufacturer to join the HKEX.
Next month, Prinx Chengshan will become the first Chinese tyre maker to be publicly listed on the Hong Kong Stock Exchange. Michael Chu, deputy general manager of the company’s international sales centre, told Tyrepress.com that the listing is expected to take place on 9 October. This move has been more than a year in the planning.