Apr. 7, 2008 (China Knowledge) - Zhejiang Sanlux Rubber Co Ltd<002224>, China's biggest supplier of rubber V-belt, plans to launch its initial public offering in Shenzhen to sell as much as 19 million A-shares. The Shaoxing, Zhejing province-based company, which has got regulatory approval for the listing, will kick off premarketing recommendation from April 8 to April 10, said the company in a statement. It appointed Dongbei Securities Co Ltd as the underwriter. Founded in 1984, Sanlux is the nation's largest V-belt producer engaged the rubber products' production, development and sales. Its Sanlux-branded V-belt accounted for about 26.1% market share in the country in 2007, being the best-seller for three consecutive years.
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