KCGI Co., Ltd. acquired 8.03% stake in Hanjin Transportation Co., Ltd. for KRW 50.6 billion.
January 03, 2019
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KCGI Co., Ltd. acquired 8.03% stake in Hanjin Transportation Co., Ltd. (KOSE:A002320) for KRW 50.6 billion on December 26, 2018. As per the transaction, KCGI acquired 0.96 million shares of Hanjin Transportation. KCGI shall participate in management decisions of Hanjin Transportation such as executive reshuffles, changes to corporate mandates, dividend payouts and mergers and acquisitions.
KCGI Co., Ltd. completed the acquisition of 8.03% stake in Hanjin Transportation Co., Ltd. (KOSE:A002320) on December 26, 2018.
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. 
