By Jane Ho, Crain News Service
SHANGHAI (Jan 4, 2015) — Trading of Aeolus Tyre Co. Ltd. shares has been suspended on the Shanghai Stock Exchange since Dec. 28.
According to a stock exchange announcement dated Dec. 25, Aeolus is “examining certain relevant issues,” and its stocks will be suspended until such examination is completed and results are disclosed.
The measure, it added, was “to ensure fair disclosure of information, to protect investors' interests and to avoid abnormal stock price fluctuations.”
Aeolus is part of China National Chemical Co. (ChemChina), which is putting the final touches on its takeover of Pirelli & C. S.p.A.
This article appeared on the website of European Rubber Journal, a United Kingdom-based sister publication of Tire Business.