Brief: Unit Of Qingdao Doublestar's Controlling Shareholder To Invest In Kumho Tire's For Controlling Stake
09/04/2018 11:30
April 9 (Reuters) - Qingdao Doublestar Co Ltd 000599.SZ :
* CONTROLLING SHAREHOLDER'S UNIT SIGNS AGREEMENT TO INVEST
646.3
BILLION WON ($603.92 million) IN KUMHO TIRE 073240.KS FOR 45
PERCENT STAKE
* SAYS CONTROLLING SHAREHOLDER'S UNIT WILL BECOME KUMHO
TIRE'S
CONTROLLING SHAREHOLDER AFTER THE TRANSACTION
Source text in Chinese: https://bit.ly/2H4HnbM
Further company coverage: 000599.SZ 073240.KS
($1 = 1,070.1700 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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