Qingdao Doublestar (000599.SZ) issues shares and payment in cash to purchase assets approved by the Shenzhen Stock Exchange.
Qingdao Doublestar (000599.SZ) announced that the company plans to issue shares and pay cash to purchase assets and raise matching funds, ultimately achieving Qingdao Doublestar's indirect ownership of 45% of the shares of Kumho Tire Co., Inc. ("Kumho Tire") and controlling Kumho Tire.
Qingdao Doublestar (000599.SZ) announced that the company plans to issue shares, pay cash to purchase assets, and raise matching funds to eventually achieve indirect ownership of 45% of the shares of Kumho Tire Co., Ltd. ("Kumho Tire") and control Kumho Tire. The Shenzhen Stock Exchange Mergers and Acquisitions Review Committee held the second Mergers and Acquisitions Review Committee meeting of 2026 on February 5, 2026, to review the company's application for this transaction. According to the announcement of the results of the Shenzhen Stock Exchange Mergers and Acquisitions Review Committee's second meeting of 2026, the review result of this meeting is: the transaction complies with the restructuring conditions and information disclosure requirements.
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