Mobile Tyre Shop Expansion
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Australia’s Mobile Tyre Shop will take the next step in its national expansion strategy with a major investment from Sailun International Holding (Singapore) PTE LTD, a wholly owned subsidiary of Shanghai-listed Sailun Group Co. LTD.
The global tyre giant has invested AUD 5 million (approximately RMB 23.285 million) to subscribe for approximately 6.2112 million units of the Mobile Tyre Shop Unit Trust, which will give it a 11.09% stake in the trust.
Mobile Tyre Shop has been operating in the Australian tyre market since 2016, with the company’s online to offsite business model solving the numerous friction points commonly associated with tyre fitting, significantly reducing time and cost to the consumer.
