Hansol Logistics Co., Ltd. cancelled the acquisition of 51% stake in Hansol Goldpoint, LLC from Hansol Holdings Co., Ltd..
April 02, 2019
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Hansol Logistics Co., Ltd. (KOSE:A009180) agreed to acquire 51% stake in Hansol Goldpoint, LLC from Hansol Holdings Co., Ltd. (KOSE:A004150) for approximately KRW 970 million on April 3, 2018. In related transactions, Hansol Logistics Co., Ltd. also agreed to acquire Hansong International (Shanghai) Logistics Co. Ltd., Hansong International (Tianjin) Logistics Co. Ltd. and Hansol Logistics India Private Limited from Hansol Holdings Co., Ltd. for KRW 8.4 billion, KRW 6.5 billion and KRW 3.7 billion respectively. The Board of Directors of Hansol Holdings Co., Ltd. passed a resolution on the transaction on April 3, 2018. The transaction is expected to close on April 5, 2018 and payment will be received on this date.
Hansol Logistics Co., Ltd. (KOSE:A009180) cancelled the acquisition of 51% stake in Hansol Goldpoint, LLC from Hansol Holdings Co., Ltd. (KOSE:A004150) on April 3, 2019.
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.