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HYUNDAI MERCHANT MARINE CO.,LTD to Acquire 50% of BCTC


Monday, 26 Aug 2013 04:37am EDT 

HYUNDAI MERCHANT MARINE CO.,LTD announced that it has decided to purchase 15,779,800 shares, or a 50% stake in BCTC, which is engaged in the operation of ports and marine terminals, for KRW 78,899 million, to gain new profit from Busan New Port container ship private pier business. After that, the Company will hold a 50% stake in the target company. The expected transaction settlement date is March 31, 2019. 

Company Quote

9330.0
-170.0 -1.79%
26 Dec 2014