Sentury Tire completes IPO; stock trading on Shenzhen Exchange


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SHENZHEN, China — The Shenzhen Stock Exchange has begun listing Qingdao Sentury Tire Co. Ltd.'s stock, making Sentury the 10th Chinese tire company to be publicly listed. The company's stock began trading on Sept. 11, under the stock code 002984, with an issue price of 18.96 Yuan/share ($2.95) and an issue price-earnings ratio of 16.6 times, Sentury said. Sentury, the 12th largest tire maker in China and 37th largest worldwide based on fiscal 2020 sales of $728 million, said this issuance and listing will "usher in a new round of development." "The company will take this issuance and listing as...