Kumho Petrochemical Raises Stake in Kumho Tire to 39.86%

Kumho Tire Co Inc has announced its majority shareholder Kumho Petrochemical has bought 43,000 shares in the company, increasing its stake to 39.86 per cent from 39.80 per cent. As a result Kumho Petrochemical now holds 27.90 million shares in the Korean tyre manufacturer.