Hansol Logistics Co., Ltd. entered into an agreement to acquire Eastern Logistics Inc. for approximately KRW 7.8 billion.
July 21, 2021
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Hansol Logistics Co., Ltd. (KOSE:A009180) entered into an agreement to acquire Eastern Logistics Inc. for approximately KRW 7.8 billion on July 22, 2021. As of August 25, 2021, the consideration amount changed to KRW 7.7 million. Eastern Logistics Inc. reported total assets of KRW 14.6 billion, total equity of KRW 3.2 billion, sales of KRW 27.9 billion and net income of approximately KRW 560 million for the year ended December 2020. The transaction is expected to close on August 2, 2021.
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.