Hints and tips:
...Shares of South Korean tyre maker Kumho Tire surged on Tuesday morning on a media report that it could be acquired by a local conglomerate, fueling hopes for its survival....
...Mr Park resigned from his post at Kumho Tire this week and gave up that right, signalling the group was getting new management....
...Kumho Industrial lost 3.2 per cent and Kumho Tire dropped 0.4 per cent....
...Other South Korean businesses such as LG Electronics and Kumho Tire have also expanded in Vietnam, as the attractions of low wage costs, reasonable infrastructure and political stability resonate with Seoul...
...The strike plan comes as labour unions at GM Korea and Kumho Tire are also holding strikes this week....
...The group’s two main units – Kumho Industrial and Kumho Tire – were placed under debt-workout programmes, while Daewoo Engineering was sold back to main creditor Korea Development Bank....
...Last week, creditors moved to put the group’s two main units – Kumho Industrial and Kumho Tire – under a debt-workout programme....
...At the end of December, creditors decided to put the group’s two main units – Kumho Industrial and Kumho Tire – under a debt-workout programme as they struggled to meet their heavy debt obligations....
...Korea Development Bank, its main creditor, and other debtholders will arrange debt-to-equity swaps and loans for Kumho Industrial and Kumho Tire....
...Kumho Tire slumped 13.6 per cent to Won3,155 after announcing that 81.6 per cent of its capital base was impaired. The Korean Exchange issued an “invest with caution” warning on the stock....
...Kumho Tire fell 5.1 per cent after it said unionised workers had staged a partial strike over a wage dispute. Taipei ended at its lowest level for a month as doubts over the global economic remained....
...Tires, Betfred and Hestiun....
...It follows compatriots Lotte Shopping, Kumho Tire and the Macquarie Korea Infrastruture fund in opting for London over New York for IPOs, enabling them to gain access to international markets while avoiding...
...Mr Gill is confident of making inroads in Asian markets, particularly China, and he wants more deals such as those concluded with Air Asia/Tourism Malaysia, Kumho Tire, Budweiser and Audi....
...Michelin, Goodyear, Yokohama Rubber, Sumitomo, and Kumho Tires of South Korea are also either already producing or are looking to build new facilities in China....
...The UK on Wednesday gets its biggest Korean listing for three years when Kumho Tire starts trading on the London Stock Exchange, putting a value of almost $1bn on the company and a spring in the step of...
...Kumho Tire, South Korea's largest tyremaker, is planning a dual listing in Seoul and New York or London that would value it at more than $1.5bn, according to people close to the deal....
...Kumho Tire, which made its market debut in both South Korea and London, closed at Won17,000, a 16 per cent premium to the offer price....
...s Kumho Tires, with an IPO by Lotte Shopping, a Korean department store operator, scheduled for next year. Market observers maintain that London?...
...Kumho Tires, one of South Korea’s largest tyre manufacturers, rose 11 per cent at $7.95 as it listed on both London and Seoul stock markets via broker JP Morgan....
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