Aeolus Tyre to sell 100% shares in Qingdao Yellow Sea Rubber at CNY 80 million

Aeolus Tyre Co., Ltd. announced on December 3, 2018, a plan to sell 100 % shares and receivables in Qingdao Yellow Sea Rubber Co., Ltd. to Qingdao Huanghai Rubber Group Co., Ltd. at CNY 80.08 million. Qingdao Huanghai Rubber Group is established in 2013. As of June 30, 2018, its net loss was CNY 60.44 million. (From ....

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