Asia
Kumho Tire to Pledge KRW734 Billion Collateral for Subsidiary Kumho Tire Poland
Kumho Tire (KRX:073240) will pledge 734 billion won in collateral for borrowings by its subsidiary Kumho Tire Poland, under a financing agreement with lenders that include HSBC Continental Europe, according to a Friday filing with the Korea Exchange.The collateral comprises all shares of Kumho Tire Poland held by the company and will be provided from Aug. 13, 2026, to Aug. 13, 2036. Kumho Tire Poland will secure a total of 489.3 billion won in debt, the filing said.Shares of Kumho Tire fell nearly 1% in recent trade.
KRX:073240
