Linglong Tyre to Make Stock Market Debut

Shandong Linglong Tyre Co., Ltd. released on June 13 the arrangement for its initial public offering as well as an announcement for preliminary inquiry.

The company plans to get listed in Shanghai stock market by issuing no more than 200,000,000 RMB ordinary shares.

China Securities Regulatory Commission has granted Linglong’s IPO application.

140 million shares will be issued offline, accounting for 70% of the total issuance; and 60 million shares will be issued online, accounting for 30%.

Offline subscription and online subscription will be accessible simultaneously and the date of subscription will be on June 22.

Investors should choose from offline subscription and online subscription, but they shouldn’t pick both. No fee needs to be paid for the subscriptions.

Located in Zhaoyuan, Shandong province, Linglong Tyre is a professional scaled technology-based tire manufacturing company with over 7,300 employees, including more than 1,600 skilled labors.

It invests heavily in R&D and owns a national corporate technological center and a national lab.

The company has invested some 400 million yuan in purchasing hundreds of test equipment.