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Article: South China Rubber and Tire takes 75% stake in Guangzhou Bolex.(M & A, Business & Trade)

Article from:
China Chemical Reporter
Article date:
August 16, 2009
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South China Rubber and Tire Group Co., Ltd. has acquired a 75% stake (state-owned) in Guangzhou Bolex Tire Ltd. from the former Guangzhou Rubber Enterprise Group Co., Ltd. in a gratis transfer, announced on July 20th.

Guangzhou Rubber Enterprises was merged into Guangzhou International Group Co., Ltd. in June 2008.

Guangzhou Bolex was founded in 1992 as a joint venture between Guangzhou International and Hong Kong Baosheng Development Ltd. (Chinese phonetic alphabets). It has a production capacity of 1.5 million pieces of radial tires per year.

South China Rubber and Tire, which started operation in 1992, now has manufacturing bases ...

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