Wednesday, March 22, 2017

Kumho Tire creditors 'consortium boggling' strand ... Is the next move?



[Hyomun financial newspaper reporters standing in Korea] Industrial and Kumho Tire creditors such as Woori Bank is known for his adherence to the Kumho Asiana Group chairman Park Sam-koo tongheon a consortium that require a "priority right number of 'events in the future disallow entry moves are being noted.

22 days, according to financial creditors rights, Kumho Tires is known to be part of the provisional conclusions, matters that do not allow the consortium's chairman night. This is consistent with the logic of "shall not be permitted to pass the first buying rights to a third party through the consortium" that creditors continue to argue.

Depending on the Non-boggling creditors within the consortium stance Kumho Tire sales are expected to be again embroiled in controversy. Chairman Park Sam-koo side in the last 13 days "in the sale of Kumho Tires will give up buying the first ticket if you allow disapproval to the consortium," said balhimyeonseo on fire again, controversy has increased the interest and political involvement over the weekend. Moon Jae clinics party of the people who leave the Honam area districts, including the Democratic Party representative, with former were "Passing the Kumho tires for the Chinese Double Star will thereby trigger a Ssangyong crisis in the second," said one who heard the hands of Chairman Park side .

Key issues were discussed at the shareholders 'meeting related to the creditors' interest is 22 days, etc. nopahjija Development Bank, it is known to the disallowance one aspect admission conditions. Creditors have 24 days to come will be informed of the result of the negative side of the Kumho Asiana Group.

Kumho Asiana Group said, "but it was taken two strands are not allowed in the consortium reported in the media, not been yet received notice from creditors," he said, "we will determine the next move after the receipt of the notice."

Meanwhile, Kumho Tires preferred bidder for the sale of Chinese Double Star will last 21 days said, "We will guarantee 100% employment and independent management succession after the acquisition." This appears as a way to dispel the negative publicity of a case such as Shanghai Automotive acquired Ssangyong.

Industry insiders, "China's Double Star is holding an orientation that in Kumho Tire argument refrain extremely remarks about Park Sam-koo Chairman side," he said "but monitoring all information on Kumho Tire argument formally in various reactions such as Korea Politicians I will not respond individually to said position of the double star. "





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