Final bids to acquire a 42.01 per cent shareholding in Kumho Tire are in, and Credit Cuisse, who has managed the deal, has requested additional time in order to review the bidders’ documents. Pulse, Maeil Business Newspaper’s English-language website, posits that the preferred bidder will be picked between 16 and 18 January, and the terms then sent to Kumho Asiana chairman Park Sam-koo.
Han-Seob Lee has succeeded Chang-Kyu Kim as chief executive officer of Kumho Tire. The 61-year old heads up the Korean tyre maker’s global business with immediate effect.
The Kumho Asiana Group has appointed Kumho Tire vice-present Park Se-chang the group’s chief executive officer. According to a Kumho press release, 40-year old Park, the only son of group chairman Park Sam-koo, will lead Kumho Asiana’s strategic management unit with current CEO Seo Jae-hwan.
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