An unknown buyer acquired 6.9% in Hanjin Transportation Co., Ltd. from Jo Yang Ho for KRW 25.4 billion.
October 24, 2019
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An unknown buyer acquired 6.9% in Hanjin Transportation Co., Ltd. (KOSE:A002320) from Jo Yang Ho for KRW 25.4 billion on October 24, 2019. As per terms, 0.82 million shares are acquired at KRW 30884 per share. Post completion, Jo Yang Ho does not hold any share in Hanjin Transportation Co., Ltd.
An unknown buyer completed the acquisition of 6.9% in Hanjin Transportation Co., Ltd. (KOSE:A002320) from Jo Yang Ho on October 24, 2019.
HANJIN TRANSPORTATION CO., LTD. is a Korea-based company engaged in the provision of transportation services. The Company mainly operates in land transportation business, which provides truck transportation and railroad transportation; delivery business, which provides door to door parcel services to overseas countries; stevedoring business, engaged in the operation of container yard and container freight stations and the provision of cargo handling services, and marine transportation business, which provides coastal shipping services with radioactive waste ships, container carriers, bulk carriers and others. It also engaged in forwarding, packaging, car rental, warehousing, gas station and third party logistics (3PL) businesses.