April 9, 2018 / 10:31 AM / 6 months ago

BRIEF-Unit Of Qingdao Doublestar's Controlling Shareholder To Invest In Kumho Tire's For Controlling Stake

April 9 (Reuters) - Qingdao Doublestar Co Ltd:

* CONTROLLING SHAREHOLDER’S UNIT SIGNS AGREEMENT TO INVEST 646.3 BILLION WON ($603.92 million) IN KUMHO TIRE FOR 45 PERCENT STAKE

* SAYS CONTROLLING SHAREHOLDER'S UNIT WILL BECOME KUMHO TIRE'S CONTROLLING SHAREHOLDER AFTER THE TRANSACTION Source text in Chinese: bit.ly/2H4HnbM Further company coverage: ($1 = 1,070.1700 won) (Reporting by Hong Kong newsroom)

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