Sentury Tire completes IPO on Shenzhen Stock Exchange


Source: european-rubber-journal.com european-rubber-journal.com

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Shenzhen, China – Qingdao Sentury Tire Co. has been officially listed on the Shenzhen Stock Exchange to become the 10th listed tire company in China. The company was listed on 11 Sept, under the stock code 002984, with an issue price of yuan18.96/share (€2.54) and an issue price-earnings ratio of 16.63 times, Sentury announced in a statement. With this issuance and listing, Sentury said it will "usher in a new round of development." “The company will take this issuance and listing as an opportunity to continuously improve the management level, carefully implement new projects and comprehensively enhance competitiveness,” it said....