Chinese tire-maker Doublestar buys 45% stake in Kumho Tire
Doublestar agrees to buy 129.3 million ordinary shares in Korean tire-maker for USD597 million
China-based Qingdao Doublestar has agreed to acquire 45% stake in South Korean tire-maker Kumho Tire for KRW646.3 billion (USD597.4 million), reports Reuters.
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