Doublestar acquisition of Kumho Tire completed

Wednesday 11th July 2018 | 0 Comments
 
(l to r): Korea Development Bank chairman Lee Dong-gull, Doublestar chairman Chai Yongsen and Kumho Tire chairman Kim Jong-ho join hands at the completion of the acquisition deal (Photo: Doublestar Tire)
(l to r): Korea Development Bank chairman Lee Dong-gull, Doublestar chairman Chai Yongsen and Kumho Tire chairman Kim Jong-ho join hands at the completion of the acquisition deal (Photo: Doublestar Tire)

A ceremony was held on 6 July to mark to completion of Doublestar Tire’s acquisition of a 45 per cent share in Kumho Tire. The event in Seoul was titled ‘Celebrating New Beginning’ and was attended by the Chinese and South Korean tyre makers’ management teams as well as representatives from Korea Development Bank, which together with other creditors still maintains a 23 per cent share in Kumho Tire.

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Category: Company News