March 5, 2018 / 2:07 AM / 4 months ago

BRIEF-Unit of Qingdao Doublestar's Controlling Shareholder Invests $598.3 Mln In S.Korea's Kumho Tire

March 5 (Reuters) - Qingdao Doublestar Co Ltd:

* SAYS CONTROLLING SHAREHOLDER’S UNIT SIGNS AGREEMENT TO INVEST 646.3 BILLION WON ($598.26 million) IN KUMHO TIRE FOR 129.3 MILLION SHARES

* SAYS CONTROLLING SHAREHOLDER'S UNIT WILL OWN 45 PERCENT STAKE IN KUMHO TIRE AFTER TRANSACTION, BECOMES KUMHO'S CONTROLLING SHAREHOLDER Source text in Chinese: bit.ly/2I3X7tp Further company coverage: ($1 = 1,080.3000 won) (Reporting by Hong Kong newsroom)

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