Brief: Unit of Qingdao Doublestar's Controlling Shareholder Invests $598.3 Mln In S.Korea's Kumho Tire
05/03/2018 02:05
March 5 (Reuters) - Qingdao Doublestar Co Ltd 000599.SZ :
* SAYS CONTROLLING SHAREHOLDER'S UNIT SIGNS AGREEMENT TO
INVEST
646.3 BILLION WON ($598.26 million) IN KUMHO TIRE 073240.KS
FOR 129.3 MILLION SHARES
* SAYS CONTROLLING SHAREHOLDER'S UNIT WILL OWN 45 PERCENT
STAKE IN
KUMHO TIRE AFTER TRANSACTION, BECOMES KUMHO'S CONTROLLING
SHAREHOLDER
Source text in Chinese: http://bit.ly/2I3X7tp
Further company coverage: 000599.SZ 072340.KS
($1 = 1,080.3000 won)
(Reporting by Hong Kong newsroom)
((twinnie.siu@thomsonreuters.com; 852-2841 5763; Reuters
Messaging: twinnie.siu.thomsonreuters.com@reuters.net))
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