Servis Tyre

Pakistan’s largest shoe exporter raises $14.23 million to invest in Chinese tire company

Service Global Footwear will use IPO proceeds to buy 18.91% stake in joint venture with China’s Chaoyang Long March Tyre Co
Thursday’s book building was oversubscribed 5.8 times, with the price closing at Rs53.2 per share against the floor price of Rs38

By KHURSHID AHMED · 09 April 2021