Dong-A Tire Acquires 100% Stake in Chinese Subsidiary for 37.8 Billion KRW
[Asia Economy Reporter Kim Heung-soon] Dong-A Tire announced on the 15th that it will invest 37.8 billion KRW to acquire 100% of the shares of its Chinese automobile tube manufacturing subsidiary, Qingdao DongYa Tire, in cash. The company stated that the purpose of acquiring the shares is "to strengthen competitiveness through synergy creation between the two companies."
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