Double Star was [Korea financial newspaper stand hyomun News] industries such as banks, creditors and Kumho Tires has signed an acquisition preferred bidder 'shares trade agreement (SPA)'. Double Star will evaluate the argument that it expects higher synergy in markets such as the date of Kumho Tire shares have signed up 7% rise SPA.
Double Star is 13 days today announced the size of the SPA agreement with the creditors of Kumho Tire's 955 billion won. If this agreement with trucks, buses and commercial vehicles Double Star and the combined center of Thai passenger car tires of Kumho Tire's global top class and expect to increase corporate value of both companies. Cooperate in strategic terms we are confident that the best possible synergy, etc. brands, sale, buy.
In particular, says the world's largest electric car market in China and the brand value of the enterprise value of the Double Star Tire, Kumho will go up further.
Double Star official said, "If the this contract in the middle market, signed an SPA 13 successful finish both companies' corporate values will be more elevated," said "Double Star is presenting more than twice the nearest amount higher one trillion won more market One reason is explained that acquisition synergies. "
He added whereas "in fact 13 days Kumho Tire shares may be evidence that looking positive in that market rose close to 7%," he continued to talk about the "Double Star synergies and Kumho Tire after the acquisition if, Park Sam-koo President shout moves opposite sides showed the Kumho reconstruction rather than enhance corporate value, "he added.
Meanwhile, Kumho Tires will notify creditors of Kumho Asiana Group Chairman Park Sam-koo with the first appraisal rights to 16th coming. Chairman of nights will decide whether to exercise the appraisal rights within the first 30 days after the notification. Current Chairman Park side if you disapprove of the way the argument 'consortium' format is the situation said it would abandon the first appraisal rights.
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