10-07-2018 13:14
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Doublestar Group, a leading Chinese manufacturer of wheels, announced the signing of an agreement with South Korea's Korea Development Bank (KDB) to buy 45 percent of Kumho Tire's shares for 3.9 billion yuan.
Doublestar became the owner of the controlling stake in Kumho Tire, and KDB continues to maintain a 23% stake in the company.
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