Kumho Industrial Now Largest Kumho Shareholder

(Akron/Tire Review) News reports say that Kumho Industrial Co. has bought 7.5 million shares of Kumho Tire Co. for 102 billion won ($99.4 million), making it the tyre company’s single largest shareholder. Kumho Industrial bought the shares at 13,600 won per share from the Military Mutual Aid Association, according to a regulatory filing in Seoul.