Kumho Tires preferred bidder double star "employees hired succession Promise"

[Korea's financial standing hyomun newspaper reporter] is a double star of the preferred bidder for Kumho Tire China promised to hire employees succession of Kumho Tire. Additional local Careers balhimyeonseo position was also expressed the willingness to accompany the local economy and growth.

Double Star said that after 21 days of employment succession arguments Kumho Tire, Kumho Tires for current employees and maintain, and the creditors agreed to adopt a policy commitment more local talent to enhance corporate value and sustainable growth of Kumho Tire. Hiring local talent and succession planning is adopting additional measures to ensure that no part of the immediate and artificial restructuring of Kumho Tires once again. Double Star is a position that maintain independent management system even after the largest shareholder of Kumho Tire.

Double Star is on corporate value enhancement of strategic partnership and synergy, Kumho Tires through it between January In the same based on the superiority of the non-price factors If after the selection of Kumho Tire preferred bidder Double Star and Kumho Tire It has consistently introduced.

According to the industry, and 40 percent of Kumho Tire production scale in China, and China is also a major breakthrough that can continue to overcome the challenges of today. Double Star is a position that could help solve the problem of effective management and financial difficulties in terms of prestige and influence of Kumho Tire is undergoing a series of innovative experiences and the Chinese market.

Also expect the companies to be able to enter into the global tire industry's top 10 after the leader of Kumho Tires and Double Star is ground holds TBR (truck / tires for buses) combines the strengths of the production, acquisition of the PCR (tires for passenger cars) do. Double Star is already maximizing synergies between the two companies was presented to a future goal of global TOP 5 leap, it was also a global influence through the enhanced commitment of the Chinese tire industry and Kumho Tire.

Development of Kumho Tire acquisitions and Kumho tires Double Star is the companies employees and, of course, our shareholders, customers, prospects give a 'win-win (Win-Win) effect' to the global tire industry, it will further contribute to the benefit of the whole society.

The transaction amount to 42.1% of the equity stake in Kumho Tire sales contract is 955 billion won. If Kumho Asiana Group chairman Park Sam-koo from the last 14 days we received more proof of the creditors to the post office next month, the first 12 to not exercise appraisal rights within 30 days of Double Star is the largest shareholder of Kumho Tire.





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