In the industry, people used to call double money "old double money" and "new double money".
On June 19, 1990, Shanghai tire rubber (group) co., LTD. Was established in the 1920s. Shanghai greater China rubber factory and Shanghai zhengtai rubber factory, the first two domestic enterprises to produce tires, joined hands to form Shanghai tire rubber (group) co., LTD.
In May 1992, Shanghai tire rubber (group) co., ltd. became the first listed enterprise in domestic tire industry to issue A and B shares, and changed its name to Shanghai tire rubber (group) co., LTD.
In May 2007, the company was renamed as shuangqian group co., LTD.This is known as "old double money".
"Old copper cash" have all-steel radial truck tires, all-steel radial tires, all-steel radial industrial tires, all-steel radial light truck tire, bias truck tires, bias light truck tires, etc. The main products, shall enjoy the right of import and export, the products are sold to hundred countries and regions of the automotive aftermarket, at the same time with John Deere, carter bielefeld multinational auto manufacturers set up a business relationship.
In China, "Lao shuangqian" sells its products to automobile after-sales markets in various provinces, cities and autonomous regions, and has established supporting business relations with more than 30 automobile manufacturing enterprises, such as cimc, zhengzhou yutong, xiamen jinlong and Volvo.
On December 12, 2014, the suspension notice of material assets reorganization of shuangqian group co., LTD was issued.
On March 24, 2015, copper cash shares resumed and announcement of the material assets reorganization plan: copper cash to purchase issued shares the controlling shareholder of Shanghai huayi (group) company's core assets and raise matching funds, on the basis of the steady development of the original business, injection of Shanghai huayi (group) company of the energy and chemical industry, fine chemical industry and chemical services three business sectors.
Energy chemical, fine chemical, chemical services for Shanghai huayi (group) company's most competitive business sector.
Its methanol, acetic acid, ethyl acetate, industrial gases, paints, pigments, pesticides and intermediates, chemical trade and other major products, are Shanghai huayi (group) company operating for many years, and has brand barriers fist products.
The reorganization of major assets after the double money is known as the outside world "new double money."