25 Per Cent of Goodyear Dalian Tire on Sale

Dalian Bingshan Group is gearing up to sell its 25 per cent of Goodyear Dalian Tire to the public for 311.46 million yuan (25.47 million pounds sterling). The validity of the announcement will expire on 15 September, so find your chequebooks quickly, folks.

At present assets in Goodyear Dalian total 2.06 billion yuan (168 million GBP), though 813 million yuan (66 million GBP are current liabilities, while net assets sit at 1.25 billion yuan (102 million GBP).

Formed in 1992, Goodyear Dalian Tire Company supplies OE on massive brands like BMW, Audi and Peugeot, while Goodyear has over 750 retail outlets and 50 authorised dealers in China.