Taewoong Logistics Co.,Ltd. (KOSDAQ:A124560) agreed to acquire Transall Co., Ltd. for KRW 12.6 billion on June 21, 2023. As per the transaction Taewoong Logistics will acquire 0.1 million shares of Transall Co., Ltd. As on December 31, 2022, Transall Co., Ltd. generated total assets of KRW, total capital of KRW 8.7 billion, sales of KRW 120.4 billion and net income of KRW 840 million.
Taewoong Logistics Co.,Ltd. (KOSDAQ:A124560) completed the acquisition of Transall Co., Ltd. for KRW 12.6 billion on June 26, 2023. Choi Jae-Woong of Barun acted as legal advisor to Taewoong Logistics Co., Ltd. (KOSDAQ:A124560).
Taewoong Logistics Co.,Ltd. is a Korea-based company principally engaged in the logistics business. The Company operates its business through three segments. The International Logistics segment provides transportation services focused on maritime transport. The Project Logistics segment is engaged in logistics transportation such as overseas plant construction. The Commonwealth of Independent States (CIS) Logistics segment provides transportation services focused on land transport. The Company transports products including petrochemicals, semiconductors and others.