Hansol Logistics Co., Ltd. agreed to acquire Taeyun Express Co., Ltd. for KRW 1.6 billion.
March 12, 2020
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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.
Hansol Logistics Co., Ltd, formerly Hansol CSN Co., Ltd., is a Korea-based company engaged in the integrated logistics business. The Company operates its business mainly through three divisions: third party logistics (TPL) division, e-logistics division and consulting services division. Its TPL division provides domestic logistics services, such as transportation, storage, stevedoring, as well as international logistics services, including ocean, air and road freight forwarding services. Its e-logistics division provides e-logistics services through real time information monitoring systems, logistics information management systems and others. Its consulting services division provides logistics consulting services, supply chain management (SCM) consulting services, and information technology (IT) and engineering consulting services.