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You are here: Home1 / IPO

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Sentury Tire joins the Shenzen Stock Exchange

Company News, International News, Premium

Having received approval back in June, Qingdao Sentury Tire has successfully completed its Initial Public Offering (IPO) and is now listed on the Shenzhen Stock Exchange (China) as of 11 September 2020. 11 per cent of the company’s shares were valued at 1.31 billion yuan (162 million euros; £149.859 million) by investors, resulting in a theoretical total valuation of 1.47 billion euros. The offered shares offered were oversubscribed 2887 times over. But what is the company planning to do with its newly-raised funds?

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Related news:

  1. Georgia selected as location for $500 million Sentury Tire US factory
  2. Nexen appoints Seung-Do Jin as new European president
  3. Giti to build $560 million US tyre plant
  4. Sentury internationalising with US tyre factory investment
11th September 2020/by Chris

Sentury Tire IPO approval ‘ensuring company’s advancement’ – Davanti

Company News, International News

Chinese manufacturer Qingdao Sentury Tire received approval for an initial public offering (IPO) on the Shenzhen Stock Exchange earlier in the month. The tyre maker is mainly known in the UK for supplying Landsail tyres through wholesaler Grouptyre, as well as being a manufacturing partner of Davanti Tyres. Tyres & Accessories asked Sean Maddocks, Davanti sales director for UK and Ireland, what the IPO would mean for its own relationship and growth plans.

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Related news:

  1. Sentury internationalising with US tyre factory investment
  2. Sentury Tire appoints Martin Winter global technical director OE
  3. First Landsail tyres produced at new Thai factory
  4. Chinese tyre makers off-shoring in Southeast Asia
17th June 2020/by Andrew

Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory

Company News, International News

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
4th January 2019/by Chris

Prinx Chengshan the only HKEX-listed tyremaker at Tire+

Company News, International News, Premium

Based in the city of Guangzhou, the Guangzhou International Automobile Exhibition is particularly close to the Chinese off-shore territories of Hong Kong and Macau. Still, despite the show’s proximity to such personal and corporate wealth, Prinx Chengshan unique inasmuch as it was the only Hong Kong stock exchange (HKEX) listed tyre manufacturer at the show.

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Related news:

  1. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  2. Georgia selected as location for $500 million Sentury Tire US factory
  3. Jiangsu General investing US$300 million in Thailand tyre plant
  4. Giti to build $560 million US tyre plant
14th December 2018/by Chris

Kesoram to spin off Birla Tyres

Company News, International News

On 4 December Kesoram Industries Ltd (part of the BK Birla Group of Companies) announced its intention to demerge its Birla Tyres Ltd business. As a result, Birla Tyres will become a listed company with its own shareholders. The demerger is scheduled for 1 January 2019.

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  1. Kesoram to invest almost £30M in PCR tyre production
  2. Linglong market value exceeds RMB 50 billion
  3. Triangle IPO on for early September
  4. Triangle IPO underway
5th December 2018/by Chris

Jiangsu General investing US$300 million in Thailand tyre plant

Company News, International News, Premium

Jiangsu General Science Technology Co. Ltd. is set to invest around US$300 million in the construction of a tyre manufacturing facility in Thailand. The news follows earlier reports published in the Spring that Jiangsu General was considering Cambodia for the investment.

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Related news:

  1. Prinx Chengshan invests £19 million in purchasing land for new Thailand tyre factory
  2. Linglong IPO attracts 2000x more interest than offer
  3. Prinx Chengshan the only HKEX-listed tyremaker at Tire+
  4. Qingdao Doublestar doubling capacity
2nd October 2018/by Chris

Fintyre acquisition shows fast-growing firm is ‘doing OK’

Company News, International News, Premium

European finTyre Distribution (EFD) has been growing rapidly since its private equity owners Bain Capital backed the acquisition of Italian tyre wholesaler Fintyre back in March 2017. Since then the company has been on the acquisition trail, buying Pneusmarket and Franco Gomma in Italy as well as Reiff and most recently Reifen Krieg in Germany – all in order to build a “European tyre distribution group”. Tyres & Accessories recently spoke with Fintyre managing director Mauro Pessi and asked who’s next and what’s the exit plan?

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Related news:

  1. Fintyre to open London head office
  2. EC clears Bain Capital’s acquisition of Reiff’s tyre distribution business
  3. European FinTyre Distribution buys Reifen Krieg
  4. Restructuring announced as Fintyre Group misses January wages
26th June 2018/by Chris

Vietnam Rubber Group announces IPO

International News

Vietnam Rubber Group (VRG), a state-owned business and country’s largest rubber producer/exporter, is scheduled to launch an initial public offering (IPO) on 2 February 2018 with shares being listed on the Ho Chi Minh Stock Exchange in June or July.

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  1. China's Rubber Imports Jump 25% in July
  2. Goodyear to Gain Compensation from Jamaica Subsidiary Liquidation
  3. Cooper uncertainty good for Apollo share price
  4. Triangle to upgrade PCR and TBR production with IPO funds
29th January 2018/by Chris

Pirelli IPO marks landmark in new ownership structure

Company News, International News, Premium

If Pirelli’s sale to the ChemChina-led consortium in 2015, along with the legal and integration work in 2016 wasn’t enough, 2017 is proving to have been another complex and busy year for Pirelli. The last 12 months have seen the company pass two key landmarks in its post-acquisition strategy: the separation of the industrial tyre business (including industrial, truck, OTR and agricultural operations) into the new Prometeon Tyre Group in the first part of year; and the successful re-listing of the Pirelli in the autumn. The latest news is that Pirelli’s major shareholder – Marco Polo International – has increased its shareholding in Pirelli following the IPO by exercising a greenshoe option.

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Related news:

  1. Pirelli shareholding to be controlled by ChemChina
  2. ChemChina proudly showing Pirelli connection
  3. Wang Feng resigns as Aeolus Tyre chairman
  4. Pirelli truck tyres separating and merging with Aeolus/ChemChina
4th December 2017/by admin

Reports: Pirelli IPO set for October

Company News, International News

Pirelli is set sell up to 40 per cent of its equity capital in an initial public offering (IPO) on the Milan stock exchange in October.

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Related news:

  1. Pirelli IPO marks landmark in new ownership structure
  2. ChemChina’s latest Pirelli shares held indirectly
  3. Pirelli is now Chinese owned
  4. Pirelli reverse merges with Marco Polo
6th September 2017/by admin

Uniwheels for sale? Controlling shareholder assessing “strategic options”

Company News, Premium

A sharp dip in the Uniwheels AG share price was reversed on the afternoon of 4 October after the company informed the Warsaw Stock Exchange (WSE) about its controlling shareholder’s decision to “assess its strategic options.” Uniwheels Holding (Malta) Ltd., a holding company owned by former Uniwheels chief executive officer Ralf Schmid and his brother Michael, is currently “at an initial stage” with its assessment, reported the German alloy wheel manufacturer.

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Related news:

  1. Up to 25% share in Schaeffler to be sold through IPO
  2. Triangle Tire gains IPO approval
  3. Pirelli IPO marks landmark in new ownership structure
  4. Uniwheels proceeding with IPO and Warsaw Stock Exchange listing
6th October 2016/by admin

Triangle IPO underway

Company News, International News

Triangle Tire’s initial public offering (IPO) got underway as planned on 9 September with the company becoming a public traded entity on the Shanghai Stock Exchange. The listing became active 10 September 2016 following approval by the China Securities Regulatory Commission (CSRC) on 19 August 2016.

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Related news:

  1. Triangle to upgrade PCR and TBR production with IPO funds
  2. Triangle IPO on for early September
  3. Linglong IPO attracts 2000x more interest than offer
  4. Linglong market value exceeds RMB 50 billion
19th September 2016/by admin

Triangle to upgrade PCR and TBR production with IPO funds

Company News, International News

Following yesterday’s confirmation that Triangle is going ahead with the initial public offering (IPO) on the Shanghai stock exchange the company planned last year, the company has revealed a number of other key details.

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Related news:

  1. Triangle IPO on for early September
  2. Triangle IPO underway
  3. Linglong IPO attracts 2000x more interest than offer
  4. Jiangsu General investing US$300 million in Thailand tyre plant
23rd August 2016/by admin

Triangle IPO on for early September

Company News, International News

The China Securities Regulatory Commission (CSRC) approved Triangle Tires’ most recent initial public offering (IPO) bid. Qingdao, Shandong Province-based tyre manufacturer Triangle was one of 13 firms to receive a CSRC go-ahead on Friday 19 August. The IPO is set to take place in Shanghai. An official IPO announcement is expected in September.

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Related news:

  1. Triangle to upgrade PCR and TBR production with IPO funds
  2. Triangle IPO underway
  3. Serbia open for business
  4. Linglong IPO attracts 2000x more interest than offer
22nd August 2016/by admin

Linglong market value exceeds RMB 50 billion

Company News, International News

When the Shandong Linglong Tire Co., Ltd. IPO went live on 6 July and the tyre maker’s shares became available on the Shanghai Stock Exchange, their value increased by 44 per cent on the first day. The company reports that by 19 July the total market capitalisation in Linglong Tire had reached RMB 50.508 billion (£5.7 billion), giving the company the top ranking from 33 ‘A’ share (mainland China-based) listed companies in Yantai, the number three spot amongst ‘A’ listed companies in Shandong and 128th position in China as a whole.

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Related news:

  1. Linglong IPO attracts 2000x more interest than offer
  2. Triangle IPO on for early September
  3. Triangle to upgrade PCR and TBR production with IPO funds
  4. Triangle IPO underway
22nd July 2016/by admin
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