Hanjin Transportation Co., Ltd. agreed to acquire 21.33% stake in Tan Cang - Cai Mep International Terminal Company Limited from Hanjin Shipping Co., Ltd. for KRW 22.9 billion.
July 11, 2016
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Hanjin Transportation Co., Ltd. (KOSE:A002320) agreed to acquire 21.33% stake in Tan Cang - Cai Mep International Terminal Company Limited from Hanjin Shipping Co., Ltd. (KOSE:A117930) for KRW 22.9 billion in cash on July 12, 2016. In the end of 2015, Tan Cang - Cai Mep International Terminal Company reported total assets of KRW 82.5 billion, Total capital of KRW 40.01 billion, Sales of KRW 60.8 billion and Net profit of 5.5 billion. The transaction is expected to close on July 13, 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.
Hanjin Transportation Co., Ltd. agreed to acquire 21.33% stake in Tan Cang - Cai Mep International Terminal Company Limited from Hanjin Shipping Co., Ltd. for KRW 22.9 billion.
HANJIN TRANSPORTATION CO., LTD. 
