Hyundai Bulk Line Co., Ltd. agreed to acquire Hyundai Merchant Marine America, Inc. from Hyundai Merchant Marine Co. Ltd. (KOSE:A011200) for KRW 71.5 billion on October 6, 2015. As of December 31, 2014, Hyundai Merchant Marine America Inc. had total assets of KRW 1,508.65 million, total capital of KRW 883.79 million, sales of KRW 3,263.51 million and net profit of KRW 44.99 million. Post transaction Hyundai Merchant Marine will not have any stake in Hyundai Merchant Marine America. The transaction is expected transaction to close on October 29, 2015. As of October 30, 2015, the transaction was postponed due to delay in related authorization and investor process of discussion. Hyundai Bulk Line Co., Ltd. cancelled the acquisition of Hyundai Merchant Marine America, Inc. from Hyundai Merchant Marine Co. Ltd. (KOSE:A011200) on October 6, 2016.