Doublestar the only bidder left to buy Kumho
Qingdao Doublestar’s ambitions to become a global player could come to fruition…if the firm can successfully complete its bid for Kumho and retain use of the Kumho brand name
Speaking off the record, Chinese executives within Qingdao Doublestar have confirmed the company’s intentions to purchase well-known South Korean tyre manufacturer Kumho Tyre and that it is “now only Doublestar left to buy Kumho”. However, at roughly the same time, Korean newspapers have been reporting that Doublestar probably won’t have the right to use the Kumho brand name post-acquisition. With all this in mind, Tyres & Accessories summaries the story so far.
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