Kumho seeks international stock market listing

Seoul–According to a report in today’s Financial Times, Korea’s largest tyre maker, Kumho Tire is planning a dual stock market listing in Seoul and one other country: either London or New York. Kumho expects the move to put a value of about $1500 million on the company.

In May 2004, a group of investors bought Kumho Tire from Kumho Asiana Group for about $1200 million. Earlier this year, a sale to Carlyle/JP Morgan partnership fell through. The estimated price was $1200m to $1500 million


This is an…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with