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Sichuan Chuanhuan Technology Co Ltd :SAYS IT PLANS TO RAISE UP TO 1.0 BILLION YUAN ($143.80 million) VIA A-SHARE PRIVATE PLACEMENT TO FUND PROJECT, REPLENISH CAPITALSAYS IT PLANS TO INVEST 1.1 BILLION YUAN ($158.18 million) IN ADVANCED BUSINESS PARK PROJECT($1 = 6.9542 Chinese yuan renminbi)
Shandong Linglong Tyre Scraps Hong Kong Listing Plans
Shandong Linglong Tyre Co Ltd :SAYS CO TERMINATES PLAN TO SEEK HONG KONG LISTING
Shares of Triangle Tyre surged by the daily limit after the company announced a USD462 million investment to build its first overseas manufacturing plant in Cambodia. The facility will produce six million semi-steel and one million all-steel radial tires annually, primarily for export. Construction is set to begin in March, with an expected annual return rate of 15.1%. This move marks a renewed focus on international expansion following the cancellation of a previous U.S. factory plan. Triangle Tyre aims to leverage Cambodia's natural rubber resources and lower costs to enhance profitability.
Triangle Tyre Co Ltd :SAYS CO PLANS TO INVEST 3.2 BILLION YUAN ($459.04 million) IN PROJECT IN CAMBODIA AND SET UP PROJECT COMPANY($1 = 6.9711 Chinese yuan renminbi)
