China Tire Holdings to change name

HONG KONG (March 1)—China Tire Holdings Ltd. intends to change its name to China Tire e-commerce.com Ltd. to reflect more accurately its future business strategy, the company has announced. China Tire will put the name change proposal to shareholders at its 2000 annual meeting. Saying future business growth will be tied to internet-based communication and trading, China Tire envisions building an internet trading platform in China for the tire industry that would be accessible to other Chinese tire makers for their export efforts. China Strategic Holdings Ltd., the controlling shareholder of China Tire, already has established alliances with several leading business-to-business e-commerce companies to create such trading platforms.