SGA Systems Co., Ltd. cancelled the acquisition of SK No.3 Special Purpose Acquisition Co., Ltd. in a reverse merger transaction.
June 22, 2017
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SGA Systems Co., Ltd. (XKON:A232290) agreed to acquire SK No.3 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A232330) in a reverse merger transaction on April 27, 2017. Under the terms of the transaction, SGA Systems Co., Ltd. will issue 10.9 million shares for the merger and the merger ratio is 1:1.7191726. The largest shareholder of SGA Systems Co., Ltd.'s is SGA Co., Ltd., that holds 74.52%. After the completion of the merger the largest shareholder of the surviving company will be SGA Systems Co., Ltd., holding 56.04% stake. After completion SK No.3 Special Purpose Acquisition Co., Ltd. will be dissolved and SGA Systems Co., Ltd. will continue to survive and do business. The transaction has been resolved by the Board on April 27, 2017. The transaction is expected to be completed on September 29, 2017. Samyoung Accounting Corporation acted as external rating institution for SK No.3 Special Purpose Acquisition Co., Ltd.
SGA Systems Co., Ltd. (XKON:A232290) cancelled the acquisition of SK No.3 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A232330) in a reverse merger transaction on June 23, 2017.
EBEST INVESTMENT & SECURITIES Co., Ltd., formerly E*TRADE Korea Co., Ltd, is a Korea-based company specialized in the provision of financial services. The Company is mainly engaged in the brokerage, dealing and underwriting of securities businesses, covering stocks, options, futures, government bonds, corporate bonds, foreign securities and financial derivatives products. It also involves in proprietary trading business, and provides consulting services. On March 8, 2013, 3Nod Digital Group Co., Ltd. announced that the Company had sold its entire 6.63% skake in 3Nod Digital Group Co., Ltd.
LS SECURITIES CO., LTD. 
