Sentury IPO to fund aircraft tire project halted

Qingdao Sentury Tire Co. Ltd¡¯s IPO review was terminated on 16 Jan according to a notice by China Securities Regulatory Commission published two days later.

The company first filed its prospectus for listing on the Shenzhen Stock Exchange in April 2018 and updated the filing in September.

The prospectus shows that Sentury planned to raise capital for its ongoing aircraft tire project in Qingdao with €41 million (314 million yuan) total investment and 80,000 unit/year capacity, including 50,000 unit/year retread tires.

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