On May 18, 2020, the GS Thailand High-performance Radial Tire Project, an international syndicated loan amounting to THB 4 billion lead by Bank of China, was officially signed.  The project is a good example of supporting the construction and development of offshore parks under the Belt and Road Initiative.  It is also the strategic embodiment of BOC to support private real economy and promote the high-quality development of Jiangsu manufacturing.  The loan was granted in this August.  Grandall Nanjing Office has been retained as the Chinese legal advisor of the consortium.

After the completion of the high-performance radial tire project in Thailand, GS will become the leader in the tire segment market and lay a foundation for the transformation and upgrading and high-quality development of Hodo Group.

Mr. JING Zhong and Mr. SUN Xianchao of Grandall Nanjing Office are key lawyers providing professional legal service in the case.