Sinokor Merchant Marine Co., Ltd. acquired remaining 66.67% stake in Busan International Container Terminal Co.,Ltd. from sebang Co., Ltd. and Intergis Co., Ltd. for KRW 20 million.
July 28, 2016
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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.
INTERGIS CO., LTD. is a Korea-based company that is mainly engaged in harbor stevedoring and land transportation businesses. It provides harbor stevedoring services for containers, bulk and general cargos, and land transportation services for cargo containers and steel products such as section steels, steel plates and bar steels, providing domestic door to door transportation services as well as less container load (LCL) and full container load (FCL) transportation services for import and export. The Company also provides forwarding services for marine and air cargos, and operates gas stations.