GT Tyre, otherwise known as Grandtour Tyres, is planning to join a growing list of Chinese companies still hoping to list in Hong Kong towards the end of the first half despite the onset of a weaker market tone. CSFB has the mandate for the IPO, which is likely to raise upwards of $400 million.
GT group's Chinese operations were founded in 1993, but the company has a long history in Singapore where it is headquartered. Since its foundation, the China business has expanded through a mixture of organic and non-organic growth.
The latter has been particularly prominent over the past two years through the purchase and attempted restructuring of...
