The Acquisition Closed At The Price Of Rmb 3.9 Billion! Doublestar And Kumho Tire Cooperate To Create Brilliance
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 Tires were showing at the Tyrexpo Asia 2019
On March 19, Tyrexpo Asia 2019 in Singapore Expo Centre grand opening, binary overseas headquarters for accelerating 160 strategic ground, in the further development of southeast Asia market at the sa
Doublestar acquiring Hengyu Technology by 899 million, opens the road of domestic tire industry integration