Naigai Trans Line Ltd. (TSE:9384) agreed to acquire 60% stake in Hanjin Shipping Newport Logistics Center Co., Ltd. from Debtor Hanjin Shipping Co., Ltd for KRW 38.6 billion on February 15, 2019. As per the terms of transaction, Naigai Trans will acquire 0.42 million shares from Debtor Hanjin Shipping. The transaction has been resolved by Board of Directors of Naigai Trans Line and expected to close by early March 2019. Naigai Trans Line Ltd. (TSE:9384) cancelled the acquisition of 60% stake in Hanjin Shipping Newport Logistics Center Co., Ltd. from Debtor Hanjin Shipping Co., Ltd on February 15, 2020.