Aeolus Tyre plans private share placement for expansion
Aeolus Tyre (SSE:600469) is planning to issue no more than 53,003,533 A-shares via a simplified procedure to specific investors. China Galaxy Securities is the lead underwriter. The share issuance is priced at 5.66 RMB per share. The placement aims to raise up to 300 million RMB, with the proceeds earmarked for a project to expand production capacity for high-performance giant engineering radial tires. The offering has secured commitments from 16 specific investors, including asset management firms and funds. The placement is still subject to regulatory approvals from the Shanghai Stock Exchange and the China Securities Regulatory Commission. Trading of the shares is scheduled to commence on the Shanghai Stock Exchange. The move is aimed to boost the company's market position and profitability.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Aeolus Tyre publishes news
Free account required • Unsubscribe anytime