Kumho Execs Threaten Resignation if Company is Sold to Doublestar
Forty-one Kumho Tire executives, including CEO Lee Han-seob, have threatened to resign if the tiremaker is sold to Doublestar.
Doublestar Rejects Terms for Kumho Trademark Usage
Chinese tiremaker Doublestar is hoping to renegotiate terms of use for the Kumho Tire trademark, Korean media reports. The company rejected a proposal from Kumho Industrial that would require Doublestar to pay .05% of sales annually during a 20-year deal for the Kumho name.
Kumho Tire Creditors Continue to Seek Brand Rights for Doublestar
Kumho Tire Co. could be headed toward bankruptcy court if Kumho Asiana Group doesn’t give Qingdao Doublestar trademark rights for Kumho Tire, The Korean Herald reports.
South Korea President Poises New Threat to Doublestar’s Kumho Tire Buy
Analysts have found that South Korea’s new president, Moon Jae-in, could prevent the Chinese tiremaker from acquiring the majority share of Kumho Tire.
Doublestar Being Blocked from Kumho Name
China-based Doublestar Tyre Co.’s plan to take majority share of Kumho Tire Co. may be in jeopardy, according to Korean media.
Park Passes on Kumho Tire Buyback, Doublestar Poised to Buy Company
Kumho Asiana Group Chairman Park Sam-Koo announces he will not exercise his right of first refusal to repurchase Kumho Tire, the Korea Herald reports.
Doublestar Forms Consortium to Buy Kumho
Qingdao Doublestar’s finances are now in doubt after the Chinese tiremaker reportedly took out a large loan and set up a consortium to acquire the 42% controlling stake in Kumho Tire, Korean media reports.
Doublestar Continues Pursuit of Kumho Amidst Controversy
The saga continues in the sale of the majority share of Kumho Tire Co. According to South Korean media, leading bidder Qingdao Doublestar Tyre Co. is fighting back after growing pressure to prevent the tiremaker from purchasing the 42% majority share of Kumho.
Report: Doublestar Preferred Bidder for Kumho Tire
Asia media reports China’s Qingdao Doublestar Tyre Co. was selected as the preferred bidder for the controlling stake of Kumho Tire Co.
