News Center

>
>
The acquisition closed at the price of RMB 3.9 billion! doublestar and kumho tire cooperate to create brilliance

The acquisition closed at the price of RMB 3.9 billion! doublestar and kumho tire cooperate to create brilliance

2019-07-09 17:51
On July 6, Doublestar and the Korea Development Bank (KDB) held the trade closing ceremony in Seoul, South Korea. As a result, Doublestar held 45% stake in Kumho Tire for approximately RMB 3.9 billion and officially became its controlling shareholder. Creditors such as KDB will continue to hold 23% of the shares, maintaining the position as the second largest shareholder. So far, this cross-border M&A case, known as the “most tortuous, most magnificent and most bizarre” around the globe, has finally come to a successful conclusion.
 
 

DOUBLESTAR INTELLIGENT EQUIPMENT 

INNOVATING THE WORLD

doublestar

Contact us

Sales Hotline:+86-532-55589051

Email:info@doublestar.cc

Add: 88 Gangxing Road, Dongjiakou Economic Zone, Qingdao ,Shandong,China

 

Navigation