Kumho Tire creditors delay meeting as Doublestar demands discount in bidding price

News
M&A

Chinese tire-maker demands 16% cut in bidding price

Kumho Tire’s creditors have postponed their meeting after its bidder Doublestar asked for a 16% cut in bidding price for the proposed deal, reports news agency Yonhap.

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload