KUMHO TIRE CO., INC. Kumho Tire U.S.A, Inc. announced a private placement of 1,100,000 common shares at a price of $100 per share through shareholder allocation increase method for the gross proceeds of $110,000,000 on April 26, 2024. The transaction will include participation from returning investor Kumho Tire Co., Inc. The transaction has been approved by board of directors. The new share allocation base date is April 26, 2024.
The number of new shares allocated per share are 0.2861602. The payment date of the transaction is April 30, 2024.
