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You are here: Home1 / shares

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Solidium: Nokian Tyres Romania plans offer ‘good prospects for building the business on a new basis’

Company News, International News
Source: Solidium Oy

Publishing its second-half 2022 report on 25 January, Solidium Oy (Nokian Tyres’ largest single shareholder) expressed confidence in the Finnish tyremaker’s work last year.

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Related news:

  1. Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
  2. Is Nokian Tyres a takeover target?
  3. Nokian Tyres appoints Anna Hyvönen EVP of entire Passenger Car Tyres business
  4. Nokian renews winter tyre range
25th January 2023/0 Comments/by Chris

Is Nokian Tyres a takeover target?

Company News, International News
Nokian Tyres

How the Russia-Ukraine war, the company’s low share price and other challenges make Nokian Tyres prime takeover material for a premium brand with the money and desire

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Related news:

  1. Nokian Tyres: “substantial uncertainties” relating to timing of Tatneft deal closure
  2. Nokian Tyres investing 650 million euros in greenfield factory in Romania
  3. Solidium: Nokian Tyres Romania plans offer ‘good prospects for building the business on a new basis’
  4. Sentury internationalising with US tyre factory investment
24th January 2023/0 Comments/by Chris

Sentury self-financing Spanish tyre factory shortfall

Company News, International News
Sentury

On 17 January, Sentury said it will adjust its financing plan through the stock market and specifically non-public offering of shares. After the adjustment, the tyre manufacturer will obtain no more than 2.8 billion yuan (about £330 million; 380 million euros), which is far lower than the 4 billion yuan (about £480 million; 540 million euros) proposed in the previous plan.

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Related news:

  1. Chinese aviation fund invests in, partners with Sentury Tire
  2. Sentury internationalising with US tyre factory investment
  3. Georgia selected as location for $500 million Sentury Tire US factory
  4. Sailun bond issuance application approved
24th January 2023/0 Comments/by Xuda Wang

Slight delay for Yokohama Rubber’s Trelleborg Wheel Systems acquisition

Company News

Trelleborg Wheel Systems will soon have a new owner, but not as soon as first announced. The Yokohama Rubber Co., Ltd. now anticipates completing its acquisition of all outstanding shares in Wheel Systems Holding AB in the first half of 2023, rather than during the originally planned second half of 2022. Narrowing this timeframe further, Trelleborg Group says its divestment of the business is “likely in the first months of the year.”

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Related news:

  1. Trelleborg share price up 16% after Wheel Systems acquisition reports
  2. TomTom shareholders set for 750 million-euro windfall
  3. Cooper shareholders approve Goodyear merger
  4. Itochu bids $1.7 billion for Hitachi Construction Machinery stake
3rd January 2023/by Stephen

ZC Rubber IPO application received by CSRC

International News
Zhongce Rubber

Recently, China’s largest tyre manufacturer Hangzhou Zhongce Rubber (ZC Rubber) has taken an important step in the stock market listing process: The China Securities Regulatory Commission (CSRC) received the IPO application of ZC Rubber. Next, CSRC will review the materials submitted by ZC Rubber. If it passes the audit, ZC Rubber will become a listed company.

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Related news:

  1. ZC Rubber preparing for IPO
  2. Linglong market value exceeds RMB 50 billion
  3. Triangle IPO on for early September
  4. Triangle IPO underway
21st December 2022/by Xuda Wang

Guizhou (Advance) Tyre plans to expand EU sales

International News
Online investor Q&A

On 14 October, Guizhou Tyre (also known as Advance Tyre) answered several questions from investors during an online T&A. Tyrepress has analysed the questions and presents a selection of Guizhou Tyre’s answers here.

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Related news:

  1. Guizhou Tire begins $350 million construction project on two China factories
  2. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
  3. Guizhou Tyre Vietnam plant officially put into operation
  4. Guizhou Tyre reports increased production and sales
18th October 2022/by Chris

Sailun bond issuance application approved

Company News, International News
Sailun

The China Securities Regulatory Commission reviewed and approved Sailun’s convertible bond public issuance application on 13 September. The tyre company plans to raise about 2 billion yuan (about 250.2 million pounds, 286.3 million euros), mainly for constructing two factories in Vietnam and Cambodia. Sailun said that investing in two overseas factories could further expand its tyre production capacity overseas and increase its manufacturing scale and market share.

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Related news:

  1. Jiangsu General raises funds for Cambodia factory
  2. Pirelli and Hixih move closer together
  3. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
  4. Sailun: 7 million tyres sold in Europe and counting
22nd September 2022/by Chris

Michelin launches employee share plan

Company News

A job well done may be its own reward, but sharing the resulting profits benefits both employee and employer. This seems to be a principle that Michelin understands well, as the tyre maker has announced its ‘Bib’Action’ employee share ownership plan. Open to 120,000 members of its workforce, Michelin says this latest initiative illustrates its determination to “have its employees collectively rank among its main shareholders.”

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Related news:

  1. Michelin to purchase additional SIPH shareholding
  2. Michelin cancels treasury shares
  3. Michelin implements partial share buyback management agreement
  4. Creditors to sell Kumho Tire shareholding
13th September 2022/by Stephen

Jiangsu General raises funds for Cambodia factory

International News
Jiangsu General

On 12 August, Jiangsu General stated that it would issue shares on the Shanghai Stock Exchange in a non-public funding initiative. The stock issuance plan shows that Jiangsu General is prepared to issue shares to no more than 35 specific investors. The number of shares to be issued shall not exceed 386,578,320 units, which is 30 per cent of Jiangsu General’s total share capital before the issuance of shares. The total amount of funds raised does not exceed 1.018 billion yuan (£124.42 million, 147.15 million euros). It is reported that HOdo Group, the controlling shareholder of Jiangsu General, plans to subscribe for shares in cash, with a subscription amount of not less than 30 million yuan (£3.67 million, 4.34 million euros) and not more than 200 million yuan (£24.45 million, 28.91 million euros).

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Related news:

  1. China’s GS Tire raises Cambodia investment to $300 million
  2. Jiangsu General investing US$300 million in Thailand tyre plant
  3. Triangle IPO on for early September
  4. Jiangsu General investing $204 million in Cambodia car tyre factory
23rd August 2022/by Chris

Key Sailun shareholder undergoes reorganisation

International News
Macrolink group

Macrolink Group, a significant shareholder of Sailun, recently received a civil ruling from the court in Beijing. The document shows that the court has accepted the reorganisation application filed by Hunan Fortune Group against Macrolink Group. It is reported that the cause of this incident was that Macrolink Group failed to pay off its due debts, and Hunan Fortune Group was the creditor.

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Related news:

  1. Apex Motorsport gains global sales rights for Sailun motorsport tyres
  2. Sailun’s new truck tyre plant enters service
  3. 50+ Chinese tyremakers increase prices
  4. Sailun raises 1 billion yuan in IPO
22nd August 2022/by Chris

Bridgestone 1H 2022 sales up 24.9%, but full-year EPS revised down on uncertainties

Company News, International News
Bridgestone

Bridgestone sales revenues shot up 24.9 per cent to 1,886 billion yen (£11.632 billion; 13.764 billion euros) in the first half of 2022. However, Bridgestone’s continuing operations figures also show that operating profit dropped 1.4 per cent to 173 billion yen, resulting in 117 billion yen of profit attributable to owners (down 10.5 per cent compared with the same period in 2022). As a result, Bridgestone revised up its full-year revenue forecasts, but revised down its comparable full-year earnings per share estimates by 10 per cent from 397.58 yen per share to 357.93 yen per share.

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Related news:

  1. Bridgestone stock falls following analyst downgrade
  2. Toyo sells half its Bridgestone shares
  3. Toyo Tire net sales down 9.8% in Q1
  4. Biden bounce helps Japanese tyremaker share prices
11th August 2022/by Chris

Aeolus officially controls 100% of Prometeon Tyre Group

Company News, International News
Source: T&A research

On 4 August 2022, Aeolus announced it was ready to sign a supplementary agreement with China National Tyre & Rubber Co., Ltd (CNRC). Through that agreement, CNRC has entrusted Aeolus with a 38 per cent stake in Prometeon Tyre Group S.r.l. (PTG).

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Related news:

  1. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  2. Prometeon/Aeolus integration stalls
  3. Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
  4. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
10th August 2022/1 Comment/by Xuda Wang

ZC Rubber preparing for IPO

Company News, International News

China’s largest tyre manufacturer, ZC Rubber, plans to list on the Shanghai Stock Exchange and has entered the pre-listing tutoring stage. Recently, Hangcha Group, one of the principal shareholders of ZC Rubber, confirmed the news. The institution that conducted ZC Rubber’s pre-listing tutoring is China Securities.

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Related news:

  1. Triangle to upgrade PCR and TBR production with IPO funds
  2. Triangle IPO underway
  3. Linglong IPO attracts 2000x more interest than offer
  4. Triangle IPO on for early September
24th June 2022/by Chris

Four-for-one split for Michelin shares

Company News

Shareholders at the Annual Meeting of Compagnie Générale des Établissements Michelin on 13 May voted in favour of splitting the par value of the Michelin share into four. Michelin explains that this decision is linked to the 66 per cent rise in the share price between 31 December 2018 (€86.70) and 31 December 2021 (€144.15).

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Related news:

  1. Hankook share sale a boost for Michelin entry-level and medium production
  2. Michelin implements partial share buyback management agreement
  3. Were communications issues behind premium tyremakers share price drop?
  4. Michelin, Conti “well positioned” for market change: Goldman Sachs
16th May 2022/by Stephen

Yongsheng Rubber shareholding changes

Company News, International News

Tyrepress has learned from people familiar with the matter that the shareholding of Shandong Yongsheng Rubber Group Co., Ltd. has changed recently. After the equity change, Tian Xiuzhen held 50 per cent and became the group’s major shareholder. Liu Zijun and Liu Huiqin each own 25 per cent of the shares.

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Related news:

  1. Yokohama and Kumho sign technology exchange, capital alliance MOU
  2. Linglong market value exceeds RMB 50 billion
  3. Triangle IPO underway
  4. Guizhou Tyre raises 1 billion yuan for Vietnam tyre factory in private share issue
9th May 2022/by Xuda Wang
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