Kumho Tire Co., Inc. (KOSE:A073240) agreed to sell 4.4% stake in Daewoo Engineering & Construction Co., Ltd. (KOSE:A047040) for approximately KRW 120 billion on November 6, 2017. As per the transaction, Kumho Tire Co., Inc. will sell 18.3 million shares of Daewoo Engineering & Construction Co., Ltd. The transaction is expected to complete on November 9, 2017.

Kumho Tire Co., Inc. (KOSE:A073240) completed the sale of 4.4% stake in Daewoo Engineering & Construction Co., Ltd. (KOSE:A047040) on November 7, 2017.