Giti Tire Plans to Launch IPO in HK

Giti Tire, China's largest tire maker, plans to launch a $400 million to $500 million initial public offering (IPO) in Hong Kong this year. Founded in 1993, Giti Tire had originally planned to launch a Hong Kong IPO in 2004, but it postponed the deal and underwent a restructuring.

GITI Tire Group, headquartered in Shanghai and 6 manufacturing bases in China, is the largest tire manufacturer in China. GITI Tire produces a full range high quality tires for passenger cars, light trucks, truck & bus, and aviation.

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