Han Express Co., Ltd. cancelled the acquisition of 45% stake in NRS & HANEXPRESS LOGISTICS Co.,Ltd.
June 03, 2015 at 12:00 am EDT
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Han Express Co., Ltd. (KOSE:A014130) agreed to acquire 45% stake in NRS & HANEXPRESS LOGISTICS Co.,Ltd for KRW 2.7 billion on June 3, 2014. Under the terms of the agreement, Han Express Co., Ltd. will acquire 0.54 million shares of NRS & HANEXPRESS LOGISTICS Co.,Ltd.
Han Express Co., Ltd. (KOSE:A014130) cancelled the acquisition of 45% stake in NRS & HANEXPRESS LOGISTICS Co.,Ltd on June 3, 2015.
HANEXPRESS.CO., Ltd is a Korea-based company engaged in the provision of transportation services. The Company operates in four business divisions: inland transportation division, which transports bulk cargos, frozen cargos, general cargos, oil and chemicals; third party logistics (3PL) service division, which provides transportation, warehousing and distribution processing services; international distribution service division, which provides forwarding and transportation services for import and export commodities, and warehousing business, which provides cargo warehousing services.