Toyo Tire to transfer shares in Chinese subsidiary

Toyo Tire Corporation (Toyo Tire) announced that it will divest its 86% equity interest in its Chinese subsidiary, Toyo Tires Zhangjiagang (TTZ), to Liaoning Hengdasheng Investment, an investment company based in Liaoning, China.
TTZ was established in 2010 for the purpose of production and sales of tires for passeng....

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