Double Coin investing US$1.87 billion in seven firms
2015-3-24 22:14:18Editor：AmandaFont Size：Big Medium Small
Chinese tyre manufacturer Double Coin has announced plans to invest a total of 11.6 billion yuan (£1.251 billion; 1.710 billion euros; $1.87 billion) in seven companies.
It is not clear which firms the company is planning to invest in, but initial indications suggest it is considering a suite of internal and domestic investments.
According to a Reuters report, the Shanghai-based firm plans to raise up to 3.7 billion yuan towards funding the investments in a private placement.
Trading of the firm’s shares has been resumed on 24 March, gaining 10% growth after trading.
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