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Doublestar Complete 45% Purchase of Kumho

Doublestar Kumho
A few weeks ago, Doublestar and the Korea Development Bank (KDB) held the trade closing ceremony in Seoul, South Korea for their purchase of a 45% stake in Kumho Tire. The transaction was completed for approximately RMB 3.9 billion, with Doublestar officially becoming its controlling shareholder. Creditors such as KDB will continue to hold 23% of the shares, maintaining the position as the second largest shareholder.

Doublestar Successfully Completes 45% Acquisition of Kumho Tire

With a history of 58 years, Kumho Tire is the second largest tire company in Korea with 8 factories and has 5 R&a...

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