ZC Rubber IPO application received by CSRC

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.

So far ZC Rubber’s listing process has been straightforward. In October 2021, the tyre manufacturer submitted the filing materials for pre-listing tutoring to the regulatory authorities, and started the tutoring process. Just one year later, Zhongce Rubber has completed the corresponding procedures and started the sprint before going public.

According to the current shareholding structure, the total share capital of ZC Rubber is about 787 million shares. Zhejiang businessman Qiu Jianping controls more than 40 per cent of ZC Rubber’s shares and is therefore the company’s largest shareholder.