Lates News

Linglong Tire announced that the controlling shareholder, Linglong Group, has obtained a "Letter of Commitment for Stock Acquisition Loan for Listed Companies" issued by the Shandong Branch of the Industrial and Commercial Bank of China, providing a loan amount of up to 270 million yuan for Linglong Group's plan to increase its stake in the company. The loan period will not exceed 3 years. Linglong Group plans to increase its stake in the company through a centralized bidding trading method, with a total amount of no less than 2 billion yuan and no more than 3 billion yuan. The increase will not be set within a specific price range.