Tires & Rubber Products

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Halcyon Agri Corp Ltd announces company acquisition by Halcyon Agri (malaysia) Sdn. Bhd, indirect subsidiary of Halcyon Agri Corporation Ltd

Thursday, 16 Jan 2014 04:43am EST

Halcyon Agri Corp Ltd:Says completion of the acquisition by Halcyon Agri (malaysia) Sdn. Bhd., an indirect wholly-owned subsidiary of Halcyon Agri Corporation Ltd, of assets and land via the acquisition of the entire issued and paid-up share capital of CLS Sdn. Bhd.Says use of proceeds from the placement of 40,000,000 new ordinary shares to credence capital fund II (cayman) ltd which was completed on june. 24.

NEW PRIDE CORP's subsidiary to transfer business

Tuesday, 24 Dec 2013 01:04am EST

NEW PRIDE CORP:Says Dongying Huantai Rubber Co., Ltd., one of the company's subsidiaries, will transfer its main business, inter-modal transport tire production business, to the company's another subsidiary, Weifang Huantai Rubber Co., Ltd, to increase asset efficiency.Says transaction amount of 5,356,363,824 won.Says expected transaction settlement date of Dec. 24.Says Dongying Huantai Rubber Co., Ltd. will be dissolved after the transaction.

Aeolus Tyre Co Ltd completes dissolution of subsidiary

Thursday, 5 Dec 2013 07:00pm EST

Aeolus Tyre Co Ltd:Says merged with a wholly owned subsidiary, which has been engaged in production and sale of thermal power and electricity.Says completed the dissolution of the subsidiary.

Qingdao Yellow Sea Rubber Co Ltd to Transfer Asset to Subsidiary

Wednesday, 30 Oct 2013 08:00pm EDT

Qingdao Yellow Sea Rubber Co Ltd announced that it has decided to transfer an asset package worth RMB 149,168,228.84, and relative employees to a wholly owned subsidiary, a Qingdao-based rubber company.

Showa Holdings Co Ltd Announces Merger between Subsidiaries

Tuesday, 29 Oct 2013 04:15am EDT

Showa Holdings Co Ltd announced that its wholly owned subsidiary, Showa Sports Co.,Ltd., will merge with the Company's another wholly owned subsidiary, Showa-Corporation Co.,Ltd., effective January 1, 2014. After the merger, Showa Sports will be dissolved. Showa Sports and Showa-Corporation are both engaged in the sale of sports articles.

Nokian Tyres plc Integrate its Heavy Tyres and Truck Tyres Business Units into Commercial Tyres Business Unit

Monday, 23 Sep 2013 04:00am EDT

Nokian Tyres plc announced that the Company will integrate its Heavy Tyres and Truck Tyres profit centers and form a new Commercial Tyres profit centre as of January 1, 2014. The combined profit centres employ about 280 people in Nokia, Finland. The aim is to obtain a better chance to develop operations and improve sales.

NISHIKAWA RUBBER CO LTD Announces Merger Between Subsidiaries

Thursday, 12 Sep 2013 01:00am EDT

NISHIKAWA RUBBER CO LTD announced that its two subsidiaries will merge with each other, effective April 1, 2014. The newly merged subsidiary will be engaged in sales of industrial rubber products.

SRF Ltd's Subsidiary Announces Closure Of Nylon Tyre Cord Fabric Manufacturing Operations In Dubai

Monday, 19 Aug 2013 10:52pm EDT

SRF Ltd announced that SRF Overseas Ltd, a wholly owned subsidiary of the Company, have decided to close its manufacturing operations in Jebel AN Free Zone, Dubai due to sustained downturn in European market and high fixed costs. The plant and machinery of SRF Overseas Ltd in Jebel Ali Free Zone, Dubai would be relocated to one of the units of SRF Limited In India subject to necessary approvals.

Sava dd Announces Details of Its Restructuring

Tuesday, 23 Jul 2013 08:00am EDT

Sava dd announced that on July 23, 2013, it has finalized the process of concluding the so-called Master Restructuring Agreement with the organizer, the agent and the collateral agent of the bank consortium (NLB dd), and other lending banks. The subject of the Agreement is restructuring of current credit obligations of the Company until December 2014. Following this, the lending banks enabled Sava dd to defer payment of principal amounts under the current loans. Sava dd has undertaken to regularly pay the part of the accrued interest at the agreed interest rate, whereas the remaining part of deferred interest will fall due at the end of the contractual period. By signing the Master Restructuring Agreement, Sava dd made a commitment to consistently implement the envisaged strategy that aims at divesting its financial assets, cost reduction and business performance improvement. The restructuring of financial liabilities maturity forms a part of the Business-Financial Restructuring Strategy until the end of 2014 as adopted in September 2011. The Agreement enables Sava dd further strategic shifts towards reducing indebtedness, renewing profitability and generating long-term value for the shareholders of Sava dd . The Loan Restructuring Agreement signed with the lending banks for 5 years has recently been signed also by the subsidiary Sava Turizem dd. By signing the Agreement, Sava Turizem dd has agreed to settle the current obligation under the loan in instalments.


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