HJLK Co., Ltd. cancelled the acquisition of Hanjin Logistics Shenzhen Co., Ltd. from Hanjin Shipping Holdings Co. Ltd..
August 25, 2015 at 05:00 am
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HJLK Co., Ltd. agreed to acquire Hanjin Logistics Shenzhen Co., Ltd. from Hanjin Shipping Holdings Co. Ltd. (KOSE:A000700) for approximately KRW 650 million in cash on August 25, 2014. In related transactions, HJLK also agreed to acquire Hanjin Logistics (Hong Kong) Company Limited, Hanjin Logistics India Private Ltd., and Hanjin Logistics (Shanghai) Co., Ltd. During the year ended 2013, Hanjin Logistics Shenzhen Co., Ltd. had total assets of KRW 2.47 billion, total stockholders' equity of KRW 880 million, sales revenue of KRW 12 billion, and net profit of KRW 97 million. A resolution was passed for the transaction by the Board of Directors of HJLK on August 25, 2014. The scheduled acquisition date is August 29, 2014.
HJLK Co., Ltd. cancelled the acquisition of Hanjin Logistics Shenzhen Co., Ltd. from Hanjin Shipping Holdings Co. Ltd. (KOSE:A000700) on August 25, 2015.
EUSU HOLDINGS, formerly HANJIN SHIPPING HOLDINGS CO., LTD., is a Korea-based holding company engaged in the management of its subsidiaries. It along with its subsidiaries, mainly operates in two business divisions: shipping division, which involves in the container and bulk marine transportation through its subsidiary HANJIN SHIPPING CO., LTD., covering North America, Europe, the Pacific Ocean and the Atlantic Ocean sea routs, and operation of terminals, as well as information technology (IT) division, which involves in the provision of IT services and solutions for marine transportation and logistics, through its subsidiary CyberLogitec Co.,Ltd.
EUSU HOLDINGS CO., LTD. 