Daito Koun Co., Ltd. (JASDAQ:9367) acquired 67.56% stake in Everglory Logistics Pte Ltd on August 29, 2017. Under the terms of the transaction, Daito Koun Co., Ltd. acquired approximately 0.2 million shares of Everglory Logistics Pte Ltd. As a result of this transaction, Everglory Logistics Pte Ltd operates as a subsidiary of Daito Koun Co., Ltd. Chay Yiowmin and Caroline Wang Zixu of BDO acted as financial advisors for Everglory Logistics. Baker Tilly acted as auditor for Daito Koun.
Daito Koun Co., Ltd. (JASDAQ:9367) completed the acquisition of 67.56% stake in Everglory Logistics Pte Ltd on August 29, 2017.
DAITO KOUN CO., LTD. is principally engaged in imported and exported cargo handling business and steel logistics business. The Company operates in three business segments. The Imported and Exported Cargo Handling segment engages in the customs clearance, transportation and storage of imported and exported goods such as food, steel and nonferrous metals, chemical industrial goods, machineries and daily goods. The Steel Logistics segment engages in cargo handling, storage and delivery of domestic steel products. The Other segment engages in harbor transportation, other domestic logistics operations, warehousing operations, real estate leasing and others.
DAITO KOUN CO.,LTD. 
