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Sailun Jinyu Group Co Ltd (601058.SS)

601058.SS on Shanghai Stock Exchange

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Wed, Nov 22 2017

BRIEF-Sailun Jinyu Group unit to sell tire sales firm for 500,000 pounds

* Says Luxembourg-based tire unit will sell 100 percent stake in tire sales firm to KRT Holdings Limited, for 500,000 pounds

BRIEF-Sailun Jinyu Group sets up charity foundation

* Says it sets up charity foundation in Qingdao city, with registered capital of 2 million yuan

BRIEF-Sailun Jinyu gets regulatory approval for share private placement

* Says it gets securities regulator's approval for share private placement

BRIEF-Sailun Jinyu's shareholder plans to add stake, share trade to resume

* Says shareholder and party acting in concert plan to increase their holdings in the company to 9.5 percent from 5 percent within six months

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