According to the announcement, Linglong Tire held the 17th meeting of the 3rd Board of Directors on March 12, 2018. It reviewed and approved the Proposal on the Use of Partially Raised Capital to Invest in a Raised Capital Subsidiary to Implement a Raised Investment Project, and agreed to use the company’s part. A total of RMB 70 million was raised to raise funds for the wholly-owned subsidiary Guangxi Linglong Tire Co., Ltd. (hereinafter referred to as “Guangxi Linglongâ€).
Delicate tire office building
The data shows that the registered capital of Guangxi Linglong increased from RMB 300 million to RMB 500 million, and the capital increase of RMB 500 million was included in the capital reserve. The independent directors and the board of supervisors respectively issued the agreed opinions.
The announcement shows that the corresponding industrial and commercial change registration of Linglong, Guangxi, has been completed recently. After the registration change, Guangxi Linglong is located at No.1, Guandong Road, Chongrong Town, Liuzhou City. With a registered capital of RMB 500 million, the business scope includes the production and sales of tires and rubber products, the import and export business of goods and technology, and general cargo transportation.
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