It is reported that on January 6, 2016, the SFC's Main Board Issuance Review Committee held the 1st meeting of the NDRC in 2016 to review the initial listing applications of three companies such as Triangle Tire, and the initial application for triangular tires was approved.
Triangle tire sign
At the meeting, the issuing and reviewing committee asked questions such as the company’s employment contracts, relocation of old factory sites, changes in natural rubber buyers, the transfer of retreaded tires, and the impact of overseas anti-dumping investigations on its export business.
Prior to this, on December 16, 2015, the Main Board Issuance Review Committee of the China Securities Regulatory Commission held the work conference of the 206th Issue Audit Committee in 2015 to review the initial listing applications of three companies including Linglong Tire. As a result, the application of Delicate Tire was suspended.
Triangle Tire Co., Ltd., headquartered in Weihai, Shandong, is China's leading tire company with comprehensive strength. It ranks 15th in the global tire rankings in 2014 and 2015.
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