Brief: Dongbang Transport & Logistics to buy stake in Pyeongtaek Dongbang I-Port for 37.57 bln won

Dongbang Transport & Logistics Co

08/12/2016 08:08

Dec 8 (Reuters) - Dongbang Transport & Logistics Co Ltd 
 004140.KS  : 
     
    * Says it will buy 7.5 million shares of Pyeongtaek Dongbang 
I-Port Co.,Ltd, a port cargo and ocean terminal firm, to promote 
business normalization and secure harbor stronghold  
    * Says transaction amount is 37.57 bln won  
    * Says it will hold 55.6 percent stake(8.2 million shares) 
in Dongbang Transport & Logistics Co Ltd, after the transaction 
     
    Source text in Korean: https://goo.gl/151JQV 
    Further company coverage:  004140.KS  
 
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