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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

Classification:
Company News
Release time:
2019/02/19 20:05
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.
 
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