DOUBLESTAR(SZ:000599) Zheng Quan Zhi Xing·2025-08-27 16:40Core Viewpoint - Qingdao Double Star Co., Ltd. is in the process of issuing shares and cash to acquire assets and raise supporting funds, specifically aiming to indirectly hold Kumho Tire Co., Inc. The application for this transaction has been accepted by the Shenzhen Stock Exchange, but the review process has faced interruptions due to the expiration of financial and assessment documents, necessitating resubmissions and updates [1][2][3]. Group 1 - The company has received a notification from the Shenzhen Stock Exchange on November 9, 2024, confirming the acceptance of its application for issuing shares to purchase assets and raise supporting funds [1]. - On March 31, 2025, the company received a notice of suspension of the review due to the expiration of financial data in the application documents, requiring supplementary submissions [2]. - The company submitted a request to resume the review process, which was accepted by the Shenzhen Stock Exchange on April 28, 2025 [2]. Group 2 - On June 30, 2025, the company again received a notice of suspension of the review because the assessment documents submitted had expired, necessitating further updates [3]. - As of June 30, 2025, the company has completed the updated assessment and submitted a request for resumption of the review to the Shenzhen Stock Exchange [3]. - The transaction is contingent upon approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission, with uncertainties regarding the approval timeline [3].