HANKOOK TIRE BID TO ACQUIRE HANON SYSTEM IS ON HOLD

Highlights:

• Hankook Tire and Technology’s plan to acquire vehicle air conditioning system maker Hanon Systems is on hold.
• Hanon Systems’ is the world’s number 2 vehicle air conditioning system manufacturers.
• Hankook Tire and Technology’s financial stability is declining.

Hankook Tire and Technology aspiration to acquire vehicle air conditioning s....