Aeolus raises funds for giant tyre project

Aeolus is preparing to issue shares to 16 parties (individuals or organisations) to raise 300 million yuan for a giant tyre project. The project involves an annual production capacity of 20,000 giant engineering radial tyres, with a total investment of about 1.464 billion yuan. Of the 300 million yuan raised this time, 78.07 per cent is being used to purchase equipment.