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 tire makes its debut at The 17th CITEXPO China International Tire Expo August 19 -21, The 17th CITEXPO opened in Shanghai. This exhibition brings together the best tire enterprises and the best quality tire products in China, providing the most convenient international trade negotiation platform for customers from more than 120 countries. In order to further improve the brand's international influence and visibility, to meet the needs of different regions, different users, with a variety of different products, attracted the attention of many customers, become the focus of the scene.