Report: Creditors Prepare to Sell Kumho Tire Share

Published: September 21, 2016

After no moves were made it August, Reuters has reported creditors of Kumo Tire are still preparing to sell their 42% share in the tire company. It is estimated Kumho Tire could sell for at least 1 trillion won (about $870 million).

A spokesperson for Korea Development Bank, Kumho Tire’s largest shareholder, told Reuters the deadline for initial letters of interest will be around November, and main bids should be coming in or around January.

Credit Suisse has reportedly been selected to oversee the deal.

Potential buyers are rumored to include Kumho Asiana Group Chairman Park Sam-koo, Bridgestone Corp., Continental AG, Michelin and ChemChina.

GRI ‘Green x Circle’ initiative in Sri Lanka meant to empower women

The company said these endeavors aimed to address diverse needs of the community, focusing on both women empowerment and youth motivation.

By Christian Hinton

Published: May 15, 2024

GRI recently conducted programs in Sri Lanka to empower women and motivate children under its Green x Circle initiative. The company said these endeavors aimed to address the needs of the community, focusing on both women empowerment and youth motivation.

GRI recently organized a training program titled "Management of household finance under current economic conditions" at the Ingiriya Rubber Collecting Center in Sri Lanka, South Asia led by Shashika Nimali, an NLP practitioner and life coach. The company said this initiative provided women in the industry with essential skills and knowledge to effectively manage household finances. GRI's tailored training sessions equipped participants with tools for informed decision-making, ultimately fostering greater financial security and independence, the company said.

Read Full Article

More Featured Posts

Autel Energy Showcases EV Charging Solutions, Electrified Bronco at CES

At CES, Autel Energy showcased its suite of EV charging solutions and an electrified 1969 Ford Bronco.

By Madeleine Winer January 11, 2023

Autel-U.S.-Enters-EV-Charging-solutions-Industry

2019 Newsmakers: Bridgestone Americas

Nearly all products in the Firestone family of tires have been upgraded over the past three years, and Bridgestone is on track to have all of its consumer tire portfolio across both the Bridgestone and Firestone brands either upgraded or replaced by the end of 2020.

By David Sickels December 27, 2019