Sinokor Merchant Marine Co., Ltd. acquired remaining 66.67% stake in Busan International Container Terminal Co.,Ltd. from sebang Co., Ltd. (KOSE:A004360) and Intergis Co., Ltd. (KOSE:A129260) for KRW 20 million on July 28, 2016. Sinokor Merchant Marine Co acquired 3.33 million shares at a price per share of KRW 6. Sinokor Merchant Marine already had 33.3% stake in Busan International Container and following the completion of the deal, holds 100% stake in Busan International Container.

Sinokor Merchant Marine Co., Ltd. completed the acquisition of remaining 66.67% stake in Busan International Container Terminal Co.,Ltd. from sebang Co., Ltd. (KOSE:A004360) and Intergis Co., Ltd. (KOSE:A129260) on July 28, 2016.