Guizhou Advance Tyre Investment Co., Ltd. announced that it will receive CNY 400 million in round of funding on August 18, 2023. The transaction included the participation from new investor Guizhou Tyre Co. Ltd owns 100% stake.
The company's registered capital will increase from CNY 500 million to CNY 900 million. The transaction has been approved at the the 19th session of the company?s 8th directorate and the 15th session of the company?s 8th supervisory board.