Qingdao Double Star Co., Ltd. (hereinafter referred to as "Double Star" or "the Company") announces that it will issue shares and pay cash to purchase assets and raise supporting funds through a related transaction. The Company has signed an agreement with Kumho Tire Co., Inc. ("Kumho Tire") to acquire a 45% stake in Kumho Tire. On March 26, 2026, the Company will submit the application for the related transaction to
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🚨 Material Event
Announcement on the Transition Period Profit and Loss of Assets in Related Transactions
✨ AI Summary
This announcement details the transition period profit and loss of assets related to the issuance of shares and cash payment for asset purchases. The company is involved in a transaction with Kumho Tire Co., Inc., acquiring a 45% stake. The transition period is set from January 1, 2024, to March 31, 2026. The announcement outlines the financial implications and responsibilities of the involved parties.
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