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| Kumho Tires Stock Listed simultaneously on Korean and British Stock Markets |
2005-02-19 |
Kumho Tires CO., INC. (CEO, Sae-chul Oh) was listed on the London Stock Exchange (February 16, 2005) as well
as the Korean Stock Exchange (February 17, 2005). Kumho Tires is the first Korean company to simultaneously
dual-list in London and Seoul.
Kumho Tires said, " There have been some Korean firms which were listed on both the stock markets in Britain and
Korea, but never concurrently before. This successful listing on the two markets is sure to enhance the presence
of Kumho Tires in the global market, facilitating the drive to expand its market overseas and to increase marketing
capabilities."
Kumho Tires held a cerebration on being listed at the London Stock Exchange in the presence of chairman of Kumho
Asiana Sam-Koo Park, chairman of the London Stock Exchange Chris Gibson-Smith, Korean Consul-General and
Minister Il-soo Kim, JP Morgan representative of Europe ECM Ian Hannam, and president of Kumho Tires Sae-chul
Oh.
On the same day, another recognition ceremony was held in Korea at the Korean Stock Exchange in the presence
of the president of strategic management head office of Kumho ASIANA Group Nam-soo Oh, chairman of Korea
Exchange (KRX) Lee Young-tak, chairman of Korea Listed Companies Association (KLCA) Seung-bok Park,
president of Daeshin Securities Dae-song Kim as well as others.
The listed securities of Kumho Tires totaled 25.49 million shares including 18 million new shares and 7.49 million
stocks owned by the Military Mutual Aid Association. At the public offering price of 14,650 KRW (US$ 14.26) the
total amount generated 373.4 billion won (at time of exercising the right of Green Shoe: 402.7 billion won).
Six months after being listed, Kumho INDUSTRIAL Co., Ltd. or another party that it designates, will be given the
right to purchase 7.5 million shares out of those currently possessed by the Military Mutual Aid Association if
necessary. Exercising this right would allow Kumho INDUSTRIAL Co., Ltd. to be the majority shareholder with a
controlling share of 33% which would provide stability of management for the Company.
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