On September 19, Jiangsu General Technology Co., Ltd., a subsidiary of Hongdou Group, held a listing ceremony at the Shanghai Stock Exchange.

The company's stock is referred to as "GM shares" and the stock code is "601500".

Tire World Network learned from the scene that in the assembly bidding stage, GM shares rose nearly 20%. After the opening, the stocks rose by 43.9%, and the latest offer was 7.08 yuan/share.

The issue price of the initial public offering of A shares of General Motors was 4.92 yuan / share, the number of publicly issued shares was 175 million shares, and the total issued share capital was 727 million shares.

It is understood that the funds raised by GM shares are mainly used to invest in the “All Steel Phase II Project” and the “Tire Technology Research Center Construction Project”.

This tire company was established in 2002 and has certain competitive advantages in the domestic short-distance industrial and mining all-steel tire market.

The company has brands such as Maxima, Red Rabbit, Hummer, Starcom, and Tongyun.

The company currently has an annual output of 3 million sets of all-steel radial tires, 1.7 million sets of biased automobile tires, 200,000 sets of oblique industrial machinery tires, 6 million sets of motorcycle tires and 5 million inner tubes.

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