On February 9, the creditors of the Kumho Tire Company of South Korea asked Credit Suisse to sell their shares.
It is understood that these creditors hold 42% of the shares of Kumho, with a total market value of about 893 million US dollars. According to the report, Park San-woo, president of the Kumho Asiana Group, has the right of first refusal once bidding in any agreement.
Currently, Kumho Tire has not responded to the news report.
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