S.Korea's Kumho Tire soars ahead of court receivership decision

Kumho Tire

30/03/2018 02:11

** Kumho Tire Co Inc's  073240.KS  shares jump as much as
16.7 pct ahead of tyre manufacturer's decision whether to enter
court receivership
    ** China's Qingdao Doublestar Co Ltd  000599.SZ  said in
early March that it would take over Kumho Tire, but the firm's
labour union has protested against the deal and said it will
fight back against the sale  urn:newsml:reuters.com:*:nL4N1QN2L0
    ** Entering court receivership is the last thing that
everybody would want and, therefore, investors are expecting
some kind of dramatic agreement with the labour union, said Lee
Sang-hyun, an analyst at IBK Securities
    ** Kumho Tire's shares posted their biggest intraday pct
gain since Jan 3
    ** Broader market  .KS11  up 0.7 pct as of 0102 GMT

 ((Reuters Messaging: dahee.kim@thomsonreuters.com))