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Here's Why Red Avenue New Materials Group (SHSE:603650) Can Manage Its Debt Responsibly
Red Avenue New Materials Group's Affiliate Zhongce Rubber Gains IPO Approval
Red Avenue New Materials Group Shareholder Plans 1.3% Stake Reduction
Red Avenue New Materials Group (603650.SH): Yutong Investment plans to reduce its shareholding by a total of no more than 1.25%.
Red Avenue New Materials Group (603650.SH) announced that due to the Shareholder's own funding needs, Yutong Investment intends to participate in centralized bidding...
Red Avenue New Materials Group (603650.SH): The invested company Zhongce Rubbers plans to IPO and has been approved by the Shanghai Stock Exchange Listing Review Committee.
On February 13, Gelonghui reported that Red Avenue New Materials Group (603650.SH) announced that its affiliate, Zhongce Rubbers Group Co., Ltd. (hereinafter referred to as "Zhongce Rubbers"), has had its initial public offering of stocks approved by the Listing Review Committee of the Shanghai Stock Exchange during its 2nd review meeting in 2025 on February 13. Established in 1992, Zhongce Rubbers focuses on the research, development, production, and sales of tire products such as full steel tires, semi-steel tires, bias tires, and vehicle tires. Since its inception, it has been committed to providing domestic and international consumers with high-quality, high-performance, and energy-efficient diversified tire products, with sales both domestically and abroad.
Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Share Price Not Quite Adding Up