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Sentury Tire share issue meets 75% of Spain factory costs

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Approximately three-quarters of the funds that Qingdao Sentury Tire Co. Ltd. needs to set up a factory in Spain have been secured through a share issue. On 22 August, the tyre maker informed the Shenzhen Stock Exchange that it had issued 94,307,847 shares to 20 parties at a price of RMB 26.69 (£2.93, US$3.68) per share, raising approximately RMB 2.8 billion (£307.1 million, $386.4 million).

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Related news:

  1. Sentury Tire intends to build 523m euro Spanish tyre plant
  2. Sentury self-financing Spanish tyre factory shortfall
  3. Sentury launches Qirin EV
  4. Warren Rudman leaves Sentury Tire Spain project
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Sentury launches Qirin EV

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During The Tire Cologne show, which took place in May, we spotted the Landsail Qirin EV concept tyre on the stand of wholesaler Inter-Sprint. It is a concept no longer, as Qingdao Sentury Tire officially debuted the tyre yesterday.

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Related news:

  1. Sales of the Sentury
  2. Landsail selling 1.5 million tyres a year via Grouptyre
  3. First Landsail tyres produced at new Thai factory
  4. Sentury internationalising with US tyre factory investment
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