SEOUL, April 6 (Reuters) - South Korea's Kumho Tire
said on Friday that it plans to issue new shares
worth 646 billion won ($604.99 million) to Qingdao Doublestar Co
Ltd as part of an agreed deal for the Chinese
company to assume control over it.
It will offer 129.27 million common shares at a price of
5,000 won each, Kumho Tire said in a regulatory filing.
Doublestar had announced the deal last month through which it is
buying a 45 percent stake in the South Korean tyre maker.
($1 = 1,067.7900 won)
(Reporting by Hyunjoo Jin
Editing by Muralikumar Anantharaman)
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