Reuters logo
BRIEF-Aeolus Tyre revises asset acquisition plan, cuts share issue size
September 25, 2017 / 1:58 AM / 2 months ago

BRIEF-Aeolus Tyre revises asset acquisition plan, cuts share issue size

Sept 25 (Reuters) - Aeolus Tyre Co Ltd

* Says it revises asset acquisition plan, to buy 90 percent stake in Prometeon Tyre Group S.R.L., 70 percent stake in domestic tyre firm for 5.1 billion yuan ($773.14 million)

* Says it will raise up to 1.7 billion yuan in share private placement, revising from 2.0 billion yuan previously

Source text in Chinese: bit.ly/2yzXxmt

Further company coverage: ($1 = 6.5965 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below