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Tires & Rubber Products

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Longxing Chemical Stock says shareholding structure changes

Wednesday, 16 Aug 2017 04:20am EDT

Aug 16 (Reuters) - Longxing Chemical Stock Co Ltd <002442.SZ> ::* Says co's top shareholder Liu Jiangshan is in deal to sell 6.8 percent stake of shares of co, to a Shanghai-based tech group firm, cutting stake in co to 20.40 percent from 27.19 percent and voting rights to 13.73 percent down from 27.19 percent .* Says the Shanghai-based tech group firm will raise stake in the company to 6.8 percent and voting rights to 13.47 percent from 0 percent .

Jiangsu Hongda New Material says liquidation of textile assistant tech unit

Monday, 31 Jul 2017 08:24am EDT

July 31 (Reuters) - Jiangsu Hongda New Material Co Ltd <002211.SZ>:* Says it will liquidate Lianshui-based textile assistant tech unit.

Tianjin Pengling Rubber Hose says cancellation of wholly owned rubber hose unit

Monday, 3 Jul 2017 03:02am EDT

July 3 (Reuters) - Tianjin Pengling Rubber Hose Co Ltd <300375.SZ> ::* Says it completed cancellation of Anhui-based wholly owned rubber hose subsidiary .

Goodway Integrated Industries clarifies on article

Friday, 16 Jun 2017 07:01am EDT

June 16 (Reuters) - Goodway Integrated Industries Bhd :Clarifies on article published by edge financial daily.clarifies co did not announce in april regarding "establishing an investigation committee to probe alleged irregularities".audit report for fy2016 stated management had not performed impairment test on carrying amount of plant & equipment of rm34 million, inventories of rm11.4 million.Goodway integrated industries -management engaged independent professional firm to carry out impairment test only &this is expected to complete by end of aug.

Michelin to acquire Nextraq, a telematics provider, from Fleetcor

Wednesday, 14 Jun 2017 02:28am EDT

June 14 (Reuters) - Michelin /Fleetcor ::* Michelin announced that it has agreed to acquire FleetCor's business NexTraq, a U.S. provider of commercial fleet telematics, in an all-cash transaction.* NexTraq has 117 employees, approximately 7,000 fleet customers and 116,000 individual subscribers.* "NexTraq represents a strategic acquisition that accelerates our growth in telematics with synergies that increase our scale, expand our geographic footprint and strengthen overall competitiveness in fleet management technology and services in the United States," said Ralph Dimenna, chief operating officer for Michelin Americas Truck Tires, in a statement.

Yokohama Rubber updates on fire incident at plant of wholly-owned unit

Tuesday, 23 May 2017 02:09am EDT

May 23(Reuters) - Yokohama Rubber Co Ltd <5101.T>:Says fire incident happened in the east plant of a wholly- owned unit YOKOHAMA TIRE PHILIPPINES,INC., on May 14.Says buildings, production facilities and product in warehouse were burnt down.Says plant of unit partially resumed production on May 20.Says other details not disclosed.

TSRC to dissolve and liquidate petrochemical material and tech firm

Thursday, 4 May 2017 03:21am EDT

May 4 (Reuters) - TSRC Corp <2103.TW> ::* Says the board agrees to dissolve and liquidate petrochemical material and tech firm, in which co owns 48 percent stake .

Airboss Of America announces changes to segmented financial reporting

Tuesday, 2 May 2017 07:30am EDT

May 2 (Reuters) - Airboss Of America Corp :Airboss of america - announced changes to segmented financial reporting to reflect adjustments made in organizational and governance structures of certain business units.Airboss of america - will disclose information for two new reporting segments in addition to corporate segment: rubber solutions and engineered products.Airboss of america corp - reorganized engineered products segment will combine defense business with automotive products business.

Anhui Zhongding Sealing Parts sees Q1 FY 2017 net profit up 30 pct to 40 pct

Wednesday, 19 Apr 2017 11:57pm EDT

April 20 (Reuters) - Anhui Zhongding Sealing Parts Co Ltd <000887.SZ>:* Sees Q1 FY 2017 net profit to increase by 30 percent to 40 percent, or to be 306.5 million yuan to 330.1 million yuan.* Says Q1 FY 2016 net profit was 235.8 million yuan.* The reason for the forecast is main business growth and inclusion of two new companies .

Jiangsu Hongda New Material amends outlook for Q1 of FY 2017

Wednesday, 19 Apr 2017 02:16am EDT

April 19 (Reuters) - Jiangsu Hongda New Material Co Ltd <002211.SZ>:* Sees net profit for FY 2017 Q1 to be 7 million yuan to 12 million yuan.* Says the net loss of FY 2016 Q1 was 3.2 million yuan.* Says that amendment due to increased business income and gross profit margin.

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