Recently, Shandong Linglong Tire Co., Ltd. successfully obtained the Certification of Incorporation for its wholly-owned subsidiary in Singapore. The subsidiary, named Kelly (Singapore) Investment & Trading Pte. Ltd., was registered on October 30, 2017. Its registered capital is USD 10,000 and main business covers the import and export of tires and raw materials as well as the investment and financing in Europe and other countries.
According to Linglong Tire, the purpose of setting this subsidiary is to boost the international publicity and influence of Linglong brand and improve the construction of marketing network channels in Southeast Asia by making good use of the preferential investment and trade policies in Singapore.