Xingda International plans tire cord unit spin-off
Hong Kong-listed tire materials maker Xingda International Holdings is planning to spin off and list its radial tire cord manufacturing business on the Mainland.
The company’s board of directors is considering the proposal, but has not named the stock exchange for the A-share listing.
Xingda manufactures and trades radial tire cords, bead wires and other wires. Radial tire cords are used in passenger car and truck tires.If the company gets the ...