SEOHAN Const. & Eng.co.,Ltd entered into an agreement to acquire 27.357% interest in Seohan Hana 2nd Consignment Management Real Estate Investment Company for KRW 15.5 billion.
September 20, 2020
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SEOHAN Const. & Eng.co.,Ltd (KOSDAQ:A011370) entered into an agreement to acquire 27.357% interest in Seohan Hana 2nd Consignment Management Real Estate Investment Company for KRW 15.5 billion on September 21, 2020. Under the terms, 3.1 million shares will be acquired as a part of the transaction. Seohan Hana 2nd Consignment Management Real Estate Investment Company reported total assets of KRW 469.4 billion for the end of latest financial year. The transaction is expected to close on October 7, 2020.
SEOHAN Const. & Eng.co.,LTD. is a Korea-based company engaged in the construction and civil engineering business. Through its construction business, the Company is engaged in the construction of education buildings, medical centers, sports centers, institutes, museums, apartments, offices and others. Through its civil engineering business, the Company is engaged in the construction of drainage facilities, landscaping, streets, railways, subways, waste treatment facilities, sewage treatment facilities, bridges and others. The Company is also involved in the electric work, housing sale and real estate leasing businesses.
SEOHAN Const. & Eng.co.,Ltd entered into an agreement to acquire 27.357% interest in Seohan Hana 2nd Consignment Management Real Estate Investment Company for KRW 15.5 billion.