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Linglong plans Hong Kong listing, capital increase

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Linglong Tire

Shandong Linglong Tyre Co. Ltd. is planning to list on the Hong Kong Stock Exchange, according to a filing posted on the Shanghai Stock Exchange (SSE), where almost 47 per cent of its shares are traded. The Zhaoyuan, China based company did not provide further details in the announcement, but explained that the fresh equity will be used to finance production expansions, research & development, and marketing initiatives, as well as to generate “general working capital.” The Shanghai filing by Linglong’s board of directors noted that the Hong Kong listing is still subject to multi-agency approval, and that the board would consider market conditions before implementation.

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Related news:

  1. Linglong signs $300 million South American tyre distribution deal with Sunset
  2. Linglong Tire cancels NBA China Games partnership
  3. 7 tyre brands honoured at Asia Brand Summit 2023
  4. Linglong planning Brazil tyre factory investment
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Service Long March to list shares in Hong Kong

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Service Long March (SLM), Chinese tyremaker Chaoyang Long March’s joint venture in Pakistan, is preparing to list on the Hong Kong Stock Exchange. On 12 January, Muhammad Aurangzeb, Federal Minister of Finance and Revenue of Pakistan, exchanged views with Jin Yongsheng, chairman of Service Long March, and Omar Saeed, CEO, before attending the Asian Financial Forum in Hong Kong.

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Related news:

  1. Continental to cut ties with Pakistan’s General Tyre and Rubber
  2. Service Long March partners investing to double capacity
  3. Apollo share price hits all-time high
  4. Aeolus officially controls 100% of Prometeon Tyre Group
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7 tyre brands honoured at Asia Brand Summit 2023

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At the end of September, the list of Asia’s most influential brands of 2023 was published at the “Asia Brand Summit” in Hong Kong. A total of 500 brands from 20 countries and regions, were honoured at the 18th World Brand Lab summit themed “The Impact of New Technologies on Brand Transformation and Consumer Behavior.” Seven of them were tyre brands and all seven were ranked amongst the top 350 of the 500 honoured brands.

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Related news:

  1. Shifts in leading tyre manufacturer rankings, 2015-2019
  2. 2022 Asian Tyre Brand rankings revealed
  3. 19 finalists chosen for 2015 AutoBild winter tyre test
  4. Giti enters the top 10 of leading tyre manufacturers
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Point S growth continues in China and the Far East

Point S Asia

Following on from openings in mainland China and Singapore earlier in 2022, the Point S master franchisees in Hong Kong and mainland China have opened more Point S locations.

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Related news:

  1. Point S enters China
  2. Point S opens China pilot centres in Foshan
  3. Point S continues strategic tyre retail growth in China and Singapore
  4. Michelin to use incadea solution for TyrePlus network in China
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Bridgestone closing Hong Kong aircraft tyre plant

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Bridgestone Corporation has announced plans to consolidate its aircraft tyre retreading operations in Asia. At the end of June 2023, it will close the Bridgestone Aircraft Tire Company (Asia), Ltd. operation in Hong Kong and transfer production to its Bridgestone Aircraft Tire Manufacturing (Thailand) Co., Ltd. facility in Chonburi, Thailand. The closure of the plant in Hong Kong will affect 102 employees.

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Related news:

  1. Bridgestone closing 3 Diversified Products plants
  2. Better late than never: Bridgestone opens Thailand OTR plant
  3. Bridgestone – 40% fewer plants by end of 2023?
  4. Bridgestone withdrawing from conveyor belt business
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Linglong Tire cancels NBA China Games partnership

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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.

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Related news:

  1. Linglong Tire main sponsor for China’s Expo 2020 pavilion
  2. Linglong an NBA China games 2019 partner
  3. Linglong Hubei TBR tyre plant officially opens
  4. Linglong car tyre plant commissioned
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Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory

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Having rejected earlier plans for a new tyre factory in Malaysia, Prinx Chengshan has invested 170.6 million yuan (£19.464 million) in buying at least 433,600 square metres of land in at Tambon Nong Suea Chang, Amphur Nong Yai, and Tambon Klong-Kew, Amphur Ban-Bung, Chonburi province in Thailand. According to stock exchange filings dated 25 December 2018, the deal comprises “several plots of land” and will be funded by the company’s recent global share offering.

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Related news:

  1. Jiangsu General investing US$300 million in Thailand tyre plant
  2. Prinx Chengshan the only HKEX-listed tyremaker at Tire+
  3. Linglong IPO attracts 2000x more interest than offer
  4. Georgia selected as location for $500 million Sentury Tire US factory
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Prinx Chengshan goes public ahead of expansion drive

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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.

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Related news:

  1. Prinx Chengshan to list on Hong Kong Stock Exchange
  2. Prinx Chengshan goes live on HKEX
  3. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  4. Prinx Chengshan breaks ground on Thailand tyre plant project
/by

Prinx Chengshan goes live on HKEX

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.

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Related news:

  1. Prinx Chengshan to list on Hong Kong Stock Exchange
  2. Prinx Chengshan goes public ahead of expansion drive
  3. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  4. Prinx Chengshan the only HKEX-listed tyremaker at Tire+
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Prinx Chengshan to list on Hong Kong Stock Exchange

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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.

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Related news:

  1. Prinx Chengshan goes public ahead of expansion drive
  2. Prinx Chengshan goes live on HKEX
  3. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  4. Prinx Chengshan building Southeast Asia factory
/by

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