Hansol Holdings Co., Ltd. completed the acquisition of investment business from Hansol PNS Co.,Ltd..
September 31, 2016
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Hansol Holdings Co., Ltd. (KOSE:A004150) agreed to acquire investment business from Hansol PNS Co.,Ltd. (KOSE:A010420) for KRW 4.9 billion on June 7, 2016. The consideration comprises issuance of 0.6 million common shares of Hansol Holdings Co., Ltd. at KRW 7440 per share. As on June 10, 2016, a merger contract has been entered into. Shareholders of Hansol Holdings Co., Ltd. approved the transaction in the meeting on July 27, 2016. The board of directors of Hansol Holdings Co., Ltd. passed the resolution for acquisition on June 7, 2016. Scheduled delivery date of new share certificates is amended to September 22, 2016. Expected closing of the transaction is on September 1, 2016. Shin & Kim acted as legal advisor to Hansol Holdings Co., Ltd. and Hansol PNS Co.,Ltd.
Hansol Holdings Co., Ltd. (KOSE:A004150) completed the acquisition of investment business from Hansol PNS Co.,Ltd. (KOSE:A010420) on September 1, 2016.
Hansol PNS Co., Ltd. is a Korea-based company mainly engaged in the distribution of paper products. The Company mainly operates in three business segments: paper products distribution segment, which distributes printing paper, paper board, newspaper paper products and other paper products; information technology (IT) service segment, which provides integrated system construction and maintenance services, and packaging segment, which manufactures cardboards used as packaging materials. On July 1, 2013, the Company merged with Hansolpaper Merchandising Co.,Ltd, a Korea-based company mainly engaged in the paper sales. After the merger, the Company survives and Hansolpaper Merchandising Co.,Ltd was dissolved.