·Shanghai Aerospace Industry wants to invest 5.88 billion to acquire Kumho tires
South Korea's Kumho tire sales have the latest developments, the highest bid in the first round of bidding may be a Chinese company - Shanghai Aerospace Industry Co., Ltd. According to foreign media reports, Shanghai Aerospace Industry did not disclose the bid price, but according to industry insiders, the company may bid 100 billion won (about 5.88 billion yuan) to bid for Kumho tires.
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