Hana Financial tenth Special Purpose Acquisition Company completed the acquisition of G Enone Energy Co.,Ltd. on February 19, 2020.
February 18, 2020
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Hana Financial tenth Special Purpose Acquisition Company (KOSDAQ:A270520) entered into a merger agreement to acquire G Enone Energy Co.,Ltd. on September 6, 2019. Hana Financial tenth Special Purpose will issue new shares for the acquisition of G Enone Energy in the ratio of 1:8.2609384. Once the merger of Hana Financial tenth Special Purpose Acquisition Company and G Enone Energy Co.,Ltd. is completed, Hana Financial tenth Special Purpose Acquisition Company becomes a surviving corporation, and G Enone Energy Co.,Ltd. becomes an extinction corporation. The transaction is subject to shareholder approval. The transaction is expected to be completed by January 31, 2020. The transaction is expected to be completed by February 18, 2020.
Hana Financial tenth Special Purpose Acquisition Company (KOSDAQ:A270520) completed the acquisition of G Enone Energy Co.,Ltd. on February 19, 2020.
Geolit Energy Co Ltd, formerly G Enone Energy Co Ltd, is a Korea-based company principally engaged in the thermal energy construction business. The Company provides services including geothermal heating and cooling systems, hydrothermal heating and cooling systems, fuel cell systems and others.