Aeolus Tyre to form passenger car tire subsidiary, acquire Pirelly's industrial tire business through stock swap
Aeolus Tyre Co., Ltd. announced that it will establish Jiaozuo Ailuchi Tyre Co., Ltd., a wholly owned subsidiary in Jiaozuo, Henan, by investing CNY 100 billion. After the establishment, Aeolus Tyre plans to transfer its passenger car tire business' assets and liabilities to the new company. This move is part of the ....
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