The company plans to invest 150 million euros (about 1.14 billion yuan) and 69,993,767 euros (about 530 million yuan) for Linglong Holland Co., Ltd. and Linglong International (Europe) Co., Ltd. respectively.ç‘The two companies were set up to carry out the work related to Serbia's 13.62 million sets of high-performance radial tire projects. At present, the project is undergoing preferential policy confirmation and land processing, and is expected to start in April 2019. It is understood that the 100% equity of Linglong Dutch Company is held by Linglong Tire Company Hong Kong Tiancheng Investment Trading Co., Ltd. In order to make the above projects progress smoothly, Linglong Tire intends to change the existing structure of the Dutch company. Linglong International Tire (Thailand) Co., Ltd. intends to hold a 25.04% stake in the Dutch company through the purchase of shares; Hong Kong Tiancheng changed to 74.96%. In addition, after the above funds were in place, the Dutch company completed the capital increase of its wholly-owned subsidiary, Linglong International (Europe). Arc Segment Magnets,N52 Arc Magnets,Neodymium Arc Segment Magnets,Large Neodymium Arc Magnets Dongguan Zhenglong Magnet Co., Ltd , https://www.zlctmagnetism.com
A total investment of 1.67 billion yuan, 13.62 million sets of tires for exquisite tires will start soon
On March 1, 2019, Shandong Linglong Tire Co., Ltd. announced the capital increase announcement.