Goodyear Dalian Tire's 25% stake put on sale

Shanghai, September 9 (Gasgoo.com) Dalian Bingshan Group Co has announced its plan to sell 25-percent stakes it owned at Goodyear Dalian Tire Co to the public for 311.46 million yuan (US$45.6 million), China Securities Journal reported today.

The annoucement's 20-day validity period is expected to expire on September 15, it says.

Currently Goodyear Dalian's total assets are evalued at 2.06 billion yuan, of which current liabilities are 813 million yuan and net assets are 1.25 billion yuan, the company's financial performance shows.

Goodyear Dalian Tire Co was built in 1992 and the company supplies tires for such global brands as BMW, Audi, Peugeot, Honda, Mazda, Ford, Toyota, Mitsubishi, among others. By the end of last year Goodyear had built 50 authorized dealers and more than 750 Goodyear retail shops across China.