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.
During a meeting with European dealers, Prinx Chengshan’s Michael Chu shared details of the company’s plans to set up a new manufacturing facility outside of China. Prinx Chengshan is currently in negotiations with authorities in Malaysia and aims to establish both PCR and TBR production there.