On April 12, an industry insider told Tireworld.com.cn that Huasheng Rubber plans to rent Hengyu Technology's full-steel tire production line.
In that case, Hengyu Technology will be divided into three parts. Amongst, Huasheng Rubber will be belonging to Yongsheng Rubber; Hengyu's half-steel tire production line will be belonging to Qingdao Doublestar and full-steel tire production line belong to Huasheng Rubber.
In March 2019, Qingdao Doublestar announced that the company planned to invest 899 million yuan to restructure Hengyu Technology. And now, Hengyu Technology has been belonging to Qingdao Doublestar's Guangrao Jixing Tire Co.,Ltd..
