An unknown buyer agreed to acquire SG Rail Co., Ltd. from Dohwa Engineering Co., Ltd. for KRW 13.4 billion.
March 27, 2019
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An unknown buyer agreed to acquire SG Rail Co., Ltd. from Dohwa Engineering Co., Ltd. (KOSE:A002150) for KRW 13.4 billion on March 28, 2019. Under the terms of the deal, 2.68 million shares of SG Rail are being sold. After the completion of the Metropolitan Rapid Transit Line A, Dohwa Engineering will receive the full amount of sales 10 working days following the approval date of the relevant office for the change of the investment. SG Rail has total assets of KRW 950 million as of December 31, 2018. The transaction was resolved by the Board of Dohwa Engineering on March 28, 2019.
Dohwa Engineering Co., Ltd. is a Korea-based is a Korea-based integrated engineering company. The Company is engaged in the provision of planning, feasibility investigation, design, analysis, testing, supervision, commissioning, evaluation, consultation and guidance services for engineering areas, such as water supply and drainage works, water resource development, city plan, road construction, river development, harbor and ports construction, railway construction, bridge construction, tunnel construction, landscape architecture and environment, among others. In addition, it is involved in the civil works for construction of national infrastructures such as golf courses, residential land development, rivers and others, as well as research and development works for urban infrastructures and environmental plants.
DOHWA ENGINEERING CO., LTD. 
