ZC Rubber preparing for IPO

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.

The pre-listing tutoring is the mandatory procedure companies preparing for listing must go through before submitting their listing plans to the regulators. At this stage, financial counselling institutions will conduct specialised and standardised training, guidance and supervision for these companies. However, not all companies that have experienced pre-listing tutoring are listed. After completing the pre-listing tutoring, the securities regulatory authority will check the tutoring effect. Subsequently, the listing plan must be reported to the China Securities Regulatory Commission and await acceptance and approval. In this process, any step may have twists and turns and affect the final listing result.

As early as December 2018, the relevant departments of Hangzhou City, Zhejiang Province, included ZC Rubber in the list of key companies to be listed. Since then, ZC Rubber’s plan to list on the stock exchange has been made public. After more than two years, ZC Rubber’s listing process has made clear progress. On 28 October 2021, the pre-listing tutoring filing materials submitted by the tyre manufacturer were accepted by the Zhejiang branch of the China Securities Regulatory Commission.