Aeolus Tyre to Raise Up to 1.1 Billion Yuan from Share Sale
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Aeolus Tyre is looking to issue up to 218,835,261 shares to specific investors, according to a Thursday filing with the Shanghai bourse. The value of the tire manufacturer's shares will not exceed 1.1 billion yuan, the filing said. Proceedsw will be used to improve the capacity nad efficiency of its giant engineering radial tire operations, the filing said.
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