Doublestar Completes Acquisition of 45% Stake of Kumho Tire
By this, Doublestar becomes Kumho Tire’s controlling shareholder.
Kumho Hopes to Build Brand Value with Doublestar Deal
As a result of the deal, planned investments will help stabilize the company, upgrading and expanding manufacturing, R&D and reach of the global tire brand.
Kumho Workers Accept Sale to DoubleStar
Kumho Tire Co. is one step closer to reconciling its debt.
Kumho Tire Union Opts to Vote on Doublestar Deal
In Korea, the Kumho Tire labor union has decided to finally hold a vote on whether to accept the acquisition bid by the Chinese tiremaker.
Kumho Labor Union Continues to Resist Doublestar’s Buyout
As a Friday deadline is on the horizon to accept a reorganization plan, Kumho’s labor union continues to resist Doublestar’s acquisition.
Doublestar Chief Visits Kumho Tire
The head of Chinese tiremaker Qingdao Doublestar, who recently acquired Kumho Tire Co., paid a visit to the South Korean company, calling the investment a “win-win” partnership and pushing for a deal with Kumho’s worker’s union.
Kumho CEO Ends Protests, Unions Urged to Accept Doublestar Deal
The sit-ins and walk-outs by unionized Kumho Tire workers have ended; however, the union group continues efforts to block the sale of the tiremaker to Chinese tiremaker Qingdao Doublestar.
Kumho Workers Go on Strike Amid DoubleStar Purchase
Kumho Tire workers are on strike after Chinese company Qingdao Doublestar Co. Ltd bought a majority stake in the company.
China’s Doublestar Takes Control of Kumho Tire
China’s Qingdao Doublestar Co. Ltd. has agreed to invest 646.3 billion won ($597.4 million USD) for a 45% stake in South Korea’s Kumho Tire Co. Inc, multiple news outlets reported at the beginning of March.
Doublestar to Pay Toyo $1.6 Million in Contempt Sanctions
Doublestar Dong Feng Tyre Co Ltd and its affiliate Qingdao Doublestar Tire Industrial Co Ltd, have been ordered by a federal court in California to pay $1.6 million to Toyo Tire & Rubber Co. Ltd. for violating a 2014 court order, which barred Doublestar from selling tires that are “confusingly similar” to Toyo’s products.