Hansol Logistics Co., Ltd. (KOSE:A009180) agreed to acquire Taeyun Express Co., Ltd. for KRW 1.6 billion on March 13, 2020. As per the terms, Hansol Logistics will acquire 0.03 million shares and consideration will be payable in cash. As of December 31, 2019, Taeyun Express reported total assets of KRW 2.5 billion, total capital of KRW 492 million, sales of KRW 11.7 billion and net income of KRW 102 million. The transaction is resolved by the Board of Directors of Hansol Logistics. The transaction is expected to be completed on April 1, 2020.