Hanjin Heavy Industries & Construction Holdings Co, Ltd. and Hanil Leisure Co., Ltd. cancelled the acquisition of 19% stake in Bukhang I'Bridge Co., Ltd from Hanjin Heavy Industry Co. Ltd.
May 02, 2016
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Hanjin Heavy Industries & Construction Holdings Co, Ltd. (KOSE:A003480) and Hanil Leisure Co., Ltd. entered into a stock definitive agreement to acquire 19% stake in Bukhang I'Bridge Co., Ltd from Hanjin Heavy Industry Co. Ltd. for KRW 27.7 billion on December 15, 2015. Hanjin Heavy Industries & Construction Holdings Co, Ltd. will acquire 1.63 million shares at KRW 6048 per share and Hanil Leisure will acquire 2.95 million shares at KRW 6048 per share. The transaction is subject to approval from the competent authorities, Bukhang I'Bridge Co., Ltd. shareholders and the syndicated lenders as preconditions. The transaction may be cancelled if the preconditions are not fulfilled until August 31, 2016.
Hanjin Heavy Industries & Construction Holdings Co, Ltd. (KOSE:A003480) and Hanil Leisure Co., Ltd. cancelled the acquisition of 19% stake in Bukhang I'Bridge Co., Ltd from Hanjin Heavy Industry Co. Ltd. on May 3, 2016. The transaction was cancelled due to non-fulfillment of transaction condition.
HANJIN HEAVY INDUSTRIES & CONSTRUCTION HOLDINGS CO., LTD. is a Korea-based holding company engaged in the management of subsidiaries. The Companyâs main subsidiaries consist of Hanjin Heavy Industries & Construction Co., Ltd, which is involved in the construction and shipbuilding businesses; DAERYUN E&S CO., LTD., which is engaged in the provision of city gas; HANIL LEISURE, which is engaged in the operation of golf courses; Korea Engineering Consultants Corp., which is involved in the construction design and supervision businesses; HACOR INC, which is mainly engaged in the provision of in-flight foods and beverages, and BYEOLLAE ENERGY CO.,LTD, which is engaged in the power generation business.
Hanjin Heavy Industries & Construction Holdings Co, Ltd. and Hanil Leisure Co., Ltd. cancelled the acquisition of 19% stake in Bukhang I'Bridge Co., Ltd from Hanjin Heavy Industry Co. Ltd.
HANJIN HEAVY INDUSTRIES & CONSTRUCTION HOLDINGS CO., LTD. 