China's Qingdao Doublestar is preferred bidder to buy S.Korea's Kumho Tire

Kumho Tire

18/01/2017 08:40

SEOUL, Jan 18 (Reuters) - Chinese tyre maker Qingdao 
Doublestar Co Ltd  000599.SZ  was chosen as the preferred bidder 
to buy a controlling stake in South Korean tyremaker Kumho Tire 
Co Inc  073240.KS , Kumho Tire said on Wednesday, without 
disclosing the bid price.       
    Lead creditor Korea Development Bank and other Kumho 
creditors had put up for sale a 42 percent stake in the 
tyremaker last year.  urn:newsml:reuters.com:*:nL3N1BW2VE 
 
 (Reporting by Joyce Lee and Hyunjoo Jin; Editing by Muralikumar 
Anantharaman) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: KUMHO TIRE SALE/