Central City Co., Ltd. acquired an additional 16.67% stake in Seoul Express Bus Terminal Co., Ltd from Hanjin Transportation Co., Ltd. for approximately KRW 170 billion.
June 23, 2016
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Central City Co., Ltd. acquired an additional 16.67% stake in Seoul Express Bus Terminal Co., Ltd from Hanjin Transportation Co., Ltd. (KOSE:A002320) for approximately KRW 170 billion on June 24, 2016. Hanjin Transportation sold 0.64 million shares in the transaction. Central City now owns 2.49 million shares. Seoul Express Bus Terminal reported total assets of KRW 106.06 billion, total capital of KRW 69.33 billion, sales of KRW 36.43 billion and net profit of KRW 13.17 billion in year 2015.
Central City Co., Ltd. completed the acquisition of an additional 16.67% stake in Seoul Express Bus Terminal Co., Ltd from Hanjin Transportation Co., Ltd. (KOSE:A002320) on June 24, 2016.
HANJIN TRANSPORTATION CO., LTD. is a Korea-based company engaged in the provision of transportation services. The Company mainly operates in land transportation business, which provides truck transportation and railroad transportation; delivery business, which provides door to door parcel services to overseas countries; stevedoring business, engaged in the operation of container yard and container freight stations and the provision of cargo handling services, and marine transportation business, which provides coastal shipping services with radioactive waste ships, container carriers, bulk carriers and others. It also engaged in forwarding, packaging, car rental, warehousing, gas station and third party logistics (3PL) businesses.
Central City Co., Ltd. acquired an additional 16.67% stake in Seoul Express Bus Terminal Co., Ltd from Hanjin Transportation Co., Ltd. for approximately KRW 170 billion.
HANJIN TRANSPORTATION CO., LTD. 
