LG International Corp. completed the acquisition of Dangjin Tank Terminal Co., Ltd. from Dongaone Co., Ltd. and other shareholders.
August 07, 2015 at 09:30 am IST
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LG International Corp. (KOSE:A001120) agreed to acquire Dangjin Tank Terminal Co., Ltd. from Dongaone Co., Ltd. (KOSE:A008040) and other shareholders for KRW 97.7 billion on April 17, 2015. LG International will succeed liabilities of KRW 94.4 billion. LG International will acquire 2.04 million shares of Dangjin Tank Terminal. Dongaone Co. will sell 1.84 million shares in Dangjin Tank Terminal and will receive KRW 2.99 billion. Dangjin Tank Terminal Co., Ltd reported total assets of KRW 84.5 billion, total liabilities of KRW 84.9 billion and total stockholder's equity of -KRW 392 million for the current year. The resolution date of Board of Directors of LG International is April 17, 2015. The scheduled acquisition date will be decided later on.
LG International Corp. (KOSE:A001120) completed the acquisition of Dangjin Tank Terminal Co., Ltd. from Dongaone Co., Ltd. (KOSE:A008040) and other shareholders on August 7, 2015.
SAJODONGAONE CO.,LTD, formerly DONGAONE CO.,LTD. is a Korea-based company mainly engaged in the manufacture of flour products and animal feeds. Its flour products business produces premium flours, all-purpose flours, cake flours, bread flours, organic flours, whole wheat flours, Woorimil flours, fiber sun flours, buckwheat flours and others. Its animal feeds business provides feeds for chickens, pigs, cattle, dogs, cats and fish. Through its subsidiaries, it also engages in the import and sale of cars under the brand name Ferarri and Maserati; grain business; development of overseas agricultural products, and manufacture of wines and others.