Sailun Tires (601058.SH) is planning to invest $152 million to build the second phase of the Gongbu Economic Zone project in Cambodia.

China Fortune Financial News APP, Sailun Tires (601058.SH) announced that the company plans to invest in the construction of the "Cambodia Gongbu Economic Zone Project". Currently, the leasing work for most of the project planning land has been completed. In order to better meet the needs of globalization strategy development and optimize the supply chain system, the company plans to invest in the construction of the "Cambodia Gongbu Economic Zone Project (Phase II)", with a total investment of 152 million US dollars. The project will be implemented by Gongbu Bay Investment, a wholly-owned subsidiary established by the company in Cambodia.