Sailun International Holding (Hong Kong) Co., Limited announced that it expects to receive $90 million in funding from Sailun Group Co., Ltd.
March 28, 2021
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Sailun International Holding (Hong Kong) Co., Limited announced that it will receive $90,000,000 in an equity round of funding from returning investor Sailun Group Co., Ltd. on March 29, 2021. After the capital increase is completed, the registered capital will be increased from $2,850,000 to $92,850,000. The investor will retain its 100% stake in the company. The transaction has been approved by the board of directors of the company at 19th meeting of the 5th directorate and does not need the shareholders’ approval.
Sailun Group Co., Ltd., formerly SAILUN JINYU GROUP CO., LTD., is a China-based company principally engaged in the research and development, manufacture and distribution of tires. The Company's main products include passenger car tires, light truck and sport utility vehicle tires, truck and bus tires, construction machinery vehicle tires and tire recycling products. The Company is also engaged in the development and distribution of radial tyre manufacturing techniques. The Company distributes its products within domestic market and to overseas markets.
SAILUN GROUP CO., LTD. 
