Although Qingdao Double Star was designated as a preferred bidder, Park Sam-koo, president of Kumho Hana Group, still retains the right of first refusal. If the repurchasing of the shares fails, Qingdao Shuangxing will become China's largest tire manufacturer. However, Park once claimed that he can raise a large amount of funds from various investors and buy back Kumho Tire's shares. Within a few hours before the share purchase transaction was concluded, Yun Byung-chul, the chief financial officer of Kumho Asiana Group, had also issued a statement if the investors agreed to Park Sang’s request for a repurchase of Kumho shares. Although Kumho Asiana Group is willing to give up its right of first refusal, it will not give up its share repurchase. Prior to this, Park San-Chu has held talks with a number of strategic investors, including a Chinese company. Kumho Tires disclosed in the newsletter: “We have no objection to the acquisition of shares of Kumho Tires by Double Star, because this is a Chinese company and we have a large amount of money. Given the considerations of various factors such as business operations, we believe that the two companies will ultimately acquire Kumho together. The shares of the tires, rather than the foreign company (China Double Star) obtained a controlling stake in Kumho Tire. As the main creditor of Kumho Tire, Korea Industrial Bank has played an important role in the acquisition of the shares. Its spokesperson said that it still opposes Park Sang's proposal for a share repurchase. However, the president of Kumho Tire Co., Ltd., Park Sang-kyun, still tried his best to reach Kumho Tire's repurchase. Ironically, Korea Industrial Bank signed a share purchase agreement with China’s Qingdao Shuangxing within a few hours. Kumho Tire was sold in 2009. As a preferred bidder, Park San-keok can also buy back shares at the same price as Double Star and compete for a controlling stake in Kumho Tire. Once Korea Industrial Bank and Qingdao Shuangxing have signed a definitive agreement on share purchase, they will send a notice to Park San-keung on the 3rd and reserve 30 days for Park San-seek to carefully consider whether or not they must take the lead to repurchase Kumho Tyre. Shares. A spokesman for Kumho Hana Group said: “Piao President often expressed his determination to repurchase shares in Kumho Tire. There is no doubt about the share repurchase.†However, he declined to disclose the group's response measures, saying that Kumho Korea Asia The group will wait for the Korea Industrial Bank to deliver the final share purchase agreement signed by Qingdao Shuangxing and Kumho Tire to its company. Pursuant to the relevant repurchase agreement, Park San-juo could not use the funds of Kumho Group's affiliates, and South Korea’s Industrial Bank requested Park San to use his own private funds for the repurchase of Kumho Tire’s shares. For this purpose, Park established a Kumho Invest Incorporation. According to him, at present, the company has raised 1 trillion won (approximately 989 million U.S. dollars) from investors. But industry observers said that Park San-cuu is likely to delay the final decision-making time of the repurchase to the prescribed deadline, which means that he has a month to raise enough funds from strategic investors. If Park San-hsiu eventually fails to raise enough funds, the decision on the deal will return to the hands of Qingdao Doublestar. Since Kumho Tire owns a number of tire factories in South Korea, China and the United States, Qingdao Doublestar will significantly increase its global production capacity after it gains a controlling share. Spirals are mainly used for stirring, mixing and other functions in pipeline transportation. The spiral surface of the screw conveyor has a solid spiral surface. , belt spiral surface and blade spiral surface transparent form. Screw Conveyor&Compactor,Quality Screw Machine,Automatic Conveying Feeder,Shaftless Screw Machine Wuxi Feiyiya Environmental Protection Technology Co., Ltd. , https://www.feiyya.com
Kumho Tires 
Pu Sanqiu Buy Back Kumho Tire Co., Ltd.
The cold rolling mill is an advanced equipment that continuously rolls blades from strip steel. By adjusting the position (roll offset, feed height, roll pressure, guide wheel, etc.), it can roll out blades of various specifications required.
Advantages of cold rolling layout:
It has the advantages of high production efficiency, saving raw materials, good blade quality, high hole diameter, and good wear resistance.
The structures that affect the rolling shape include the material and thickness of the strip, the offset of the roll, the feeding height, the rolling force of the roll, the different specifications of the guide wheels and blades, and the increase in the temperature of the roll during the rolling process. After years of construction, the contract developed this continuous cold-rolled propeller, which has the advantages of smooth surface, high hardness, wear resistance, one-time forming, and continuous no welds.
Park San-joo: Kumho Hanya and Qingdao Shuangxing compete for a controlling stake in Kumho Tires
According to foreign media reports, Qingdao Double Star Co., Ltd. (Qingdao Double Star, Qingdao Doublestar Co.) said it has with creditors of Kumho Tire - Korea Development Bank (Korea Development Bank) reached an agreement to purchase 42% of Kumho Tire Equity, obtain a controlling stake in the company. The equity purchase transaction involved an amount of up to 955 billion won (approximately 8.3 billion US dollars). If the deal is reached, Qingdao Doublestar will further develop its market in China.