In a stock exchange submission dated 11 October 2024, Sailun Group Co., Ltd. shares its estimation that net profit attributable to shareholders of the listed company for the first three quarters of 2024 will range between RMB 32.10 billion and RMB 32.80 billion (£3.47 billion and £3.55 billion), a year-on-year increase of 58.52 per cent to 61.98 per cent compared with the same period of last year.
Today is the third and final day of the initial public offering for Tolins Tyres Ltd., a Kerala, India-based manufacturer of on- and off-highway tyres and tread rubber. According to information supplied by stock exchange BSE, the company is offering up to Rs 2,300 million (£20.9 million) worth of shares, including a fresh issue worth Rs 2,000 million and an offer for sale of up to Rs 300 million by the selling shareholders.
Recently, Chinese listed companies have released their 2022 annual reports. Tyrepress China conducted a statistical analysis of the annual report data of 10 tyre companies. Among the companies included in the analysis list, Sailun, Linglong, Triangle, Huayi (the parent company of Double Coin), Aeolus, and Jiangsu General are listed on the Shanghai Stock Exchange. Guizhou Tyre, Doublestar, and Sentury are listed companies on the Shenzhen Stock Exchange. The data of Prinx Chengshan comes from the Hong Kong Stock Exchange.
Last week, a subsidiary of tyre maker Hankook & Company Group (formerly Hankook Tire Group) became the first Korean prototype company to be listed on the KOSDAQ technology index. Model Solution joined the index with a final issue price of KRW 27,000 (£16.71), which was at the upper end of the announced price range.
The Competition Commission of India (CCI) investigation into alleged cartel activities and anti-competitive behaviour doesn’t exclusively focus on local tyre makers. Stock exchange Börse Frankfurt shares news from the German Press Agency (dpa) regarding the visit of CCI officials to a site operated by Continental AG in the city of Faridabad. The statement shares that Continental is “cooperating fully with the authorities” but does not want to comment on the details of this ongoing investigation.
Bridgestone Corporation has applied to have its shares delisted from the Nagoya Stock Exchange. Explaining the rationale behind this move, the company notes that it is currently listed on three stock exchanges in Japan – Tokyo, Nagoya and Fukuoka. In order to reduce the management costs and streamline management operations related to duplicate listings, it has decided to delist from the Nagoya Stock Exchange.
From the start of trading on Monday 20 May 2019, the stock symbol used to represent Nokian Tyres plc on the Nasdaq Helsinki stock exchange will change from NRE1V to TYRES. The tyre maker’s ISIN is FI0009005318.
With the striking of a ceremonial gong, Prinx Chengshan (Cayman) Holding Limited went live on the Hong Kong Stock Exchange at precisely 9:30am on 9 October. The tyre maker’s listing last month followed nearly a year of preparations and represents an important step in a growth and internationalisation strategy that also includes producing in Southeast Asia and making greater inroads into European and North American markets.
As of today, Sailun’s ticker symbol on the Shanghai Stock Exchange has changed from ‘Sailun Jinyu Group Co., Ltd.’ to ‘Sailun Group Co., Ltd.’. The tyre maker’s securities code remains 601058.
The striking of a ceremonial gong at precisely 9:30am this morning marked the listing of Prinx Chengshan (Cayman) Holding Limited on the Hong Kong Stock Exchange. Today’s listing follows nearly a year of preparations and represents an important step in the company’s growth and internationalisation strategy. Trading under stock code 1809, Prinx Chengshan is the first China-based tyre manufacturer to join the HKEX.
Next month, Prinx Chengshan will become the first Chinese tyre maker to be publicly listed on the Hong Kong Stock Exchange. Michael Chu, deputy general manager of the company’s international sales centre, told Tyrepress.com that the listing is expected to take place on 9 October. This move has been more than a year in the planning.
According to a Warsaw Stock Exchange Management Board resolution of 13 August 2015, shares in Uniwheels AG will be included in the sWIG80 index following the trading session of 18 September 2015 as a result of quarterly adjustment. The changes will become effective from 21 September 2015.
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