Guizhou Tyre delays RMB1.8bn project by eight months
Guizhou Tyre has delayed its RMB1.79 billion intelligent manufacturing project for all-steel radial engineering tires by eight months to March 31, 2026, citing extensive product validation and equipment testing requirements.
The project, funded by convertible bonds and aimed at producing 380,000 tires annually, had invested just RMB123,406 as of June 30.
Separately, controlling shareholder Guiyang Industrial Investment released 21.83 million pledged shares, representing 6.41% of its holdings, though it plans future pledges.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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