Sailun invests in Australia’s Mobile Tyre Shop
Australia’s Mobile Tyre Shop is set on national expansion following investment from Sailun International Holding (Singapore) PTE Ltd, a wholly owned subsidiary of Shanghai-listed Sailun Group Co., Ltd. Sailun has invested AUS$5 million (approximately £2.300 million; 2.788 million euros; US$3.269 million; 23.285 million yuan) into roughly 6.21 million units of the Mobile Tyre Shop Unit Trust, which gives it an 11.09 per cent stake in the trust.