News
New Start for Linglong--Official Listed On Stock Market
On Jul 6th, the initial public sharing of Shandong Linglong Tire Co., Ltd. officially listed on Shanghai Stock Exchange (SSE). Linglong Tire (601966) went up by 44%, reached the limited amount of increase at the first day. Linglong Tire, as the new shares which raised most amount of money in the first half of 2016, raised over 3,596 billion CNY, becoming the most attention-attractive A shares company.
Listed on stock market is another milestone during the development of Linglong, which means "six internationalization, 3+3 strategy", as the guiding policy, stepping to a new process. After listing on stock market, Linglong Tire will continue aiming to international and first-class tire enterprise, forming advantaged product chain, achieving the fifth leap step by the aid of platform of capital market.
Linglong Tire established in 1975, has listed in top 20 tire manufacturing enterprise in the world with annual capacity up to 41 million units. As the specialized tire manufacture with biggest scale and best company efficiency in China, Linglong produced over 3,000 patterns of tire covering radial passenger car tire, truck and bus tire, specialty tire and so on. The production has been well received and sold in most countries and regions in all over the world. Linglong also become the original equipment tires for plenty of automobile factories in home and abroad basing on the excellent product and service.
Most of the raised money will be used on the technology development project for high performance radial passenger car tire with annual capacity up to 10 million units. The rest will be used as circulating capital. It is well believed that Linglong will achieve more glory in the very near future.
