Articles > Popular publications > PR Newswire press releases > April-June 1996 > Monday, June 24

Article: CHINA TIRE HOLDINGS LIMITED

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PR Newswire
Article date:
June 24, 1996
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HONG KONG, June 24 /PRNewswire/ -- China Tire Holdings Limited ("China Tire" or the "Company") (NYSE: TIR) announced that on June 5, 1996 the Company's 70%-owned operating subsidiary, Dalian CSI Rubber Co Ltd ("Dalian CSI") and Federal Tire Company ("Federal Tire") had reached an agreement to establish a joint venture company to be named Federal Tire Dalian Co., Ltd. ("Federal Tire Dalian") in the City of Dalian, Liaoning Province, the People's Republic of China (the "PRC").

The total investment and authorized share capital of Federal Tire Dalian are US$25 million and US$19 million, resxectively. Both Dalian CSI (49%) and Federal Tire (51%) will contribute to the ... 







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