Yokohama Rubber and Kumho intend to cross-shareholding to carry out technical exchanges
Yokohama Rubber Co., Ltd. announced that it had signed a memorandum of understanding with Kumho Tire on November 29, 2013. Both parties will cooperate in technology exchanges and cross-shareholdings.
Yokohama Rubber and Kumho Tire carry out technical exchanges
In terms of technical exchanges, Yokohama Rubber stated that it will share R&D resources with Kumho Tire and jointly develop tires and related technologies, thereby enhancing both the competitiveness of the two companies and their growth potential in the global tire market.
In addition, Yokohama Rubber and Kumho also plan to establish a capital alliance based on cross-shareholdings. In the future, both parties will negotiate details of the alliance (including cross-shareholding channels, shareholding ratios, and trading hours) and will reach a conclusion as soon as possible. A legally binding agreement.
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