Doublestar sales down; raises funds for smart plants

Qingdao, China – Doublestar posted a 16% year-on-year drop in first-half revenues to €264 million (2.1 billion yuan), according to the company’s 2017 interim report.

Over the same period the company’s net profit less nonrecurring income declined by 18% to €5 million, added the report released in August.

Doublestar also obtained regulatory approval on 21 Sept to issue 180 million new shares through private placement.

The company plans to raise up to €115 million for further investment in its existing smart plants, including €89 million earmarked for its high performance passenger car tire…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with