Jumna Tyre Cord to list on Sesdaq

Financial sources are reporting that China based Junma Tyre Cord Co., Ltd., is seeking a listing on the Sesdaq. The move will see Junma Tyre Cord become the first Chinese company to list S shares on the stock exchange.

Junma’s net profit grew at a compound annual growth rate of about 46 per cent to some 60 million yuan, approximately £4 million, in the last financial year.

S shares are shares of China-incorporated companies which are directly listed in Singapore.