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Fenghua Tire opens for equity transfer

Fenghua Tire has been listed on the National Equities Exchange and Quotations for transfer since Monday.

The company (code: 870899) has total equities of 21.58 million shares.

Fenghua Tire, based in Wuxi city of Jiangsu province, east China, was founded in 2008, out of Wuxi Fenghua Rubber Company Limited.

In 2015, Fenghua Tire reaped net profits of 752,400 yuan out of revenues of 65.95 million yuan.

In the first half of 2016, it incurred net losses of 654,300 yuan with revenues of 41.45 million yuan.

The company is mainly involved in dealing tires for passenger cars, trucks, construction vehicles or for industrial uses.

Tireworld