Saturday, September 11, 2010

2G Capital, which needs no introduction, has emerged as a shareholder of SGX-listed China Sunsine, which is probably the largest producer of rubber accelerators in PRC and the world.

2G, which has invested early in the likes of Hyflux, was named as a shareholder with 7 million shares in the 2008 annual report of China Sunsine

The latter serves all the global top 10 tyre manufacturers - Bridgestone, Michelin, Goodyear, Continental, Pirelli, Sumitomo, Yokohama, Hankook, Cooper, Kumho Tires - and more than 600 other customers in PRC and the world.

China Sunsine reported a 40% jump in net profit last year to RMB106.7 million.

Another interesting name appearing in the annual report is Ren Yuanlin, the chairman of Yangzijiang Shipbuilding and one of the richest men in China, according to Forbes magazine.

The biggest shareholder is Success More, the investment holding company of Xu Cheng Qiu, the chairman of China Sunsine.

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