Goodcen co., ltd agreed to acquire Nexen Engineering CO., Ltd on March 9, 2016. Merger ratio is 1:11.41574 between Goodcen and NEXEN. Goodcen will issue 0.23 million shares as consideration. Goodcen will survive and NEXEN will be dissolved after the merger. Goodcen co., ltd cancelled the acquisition of Nexen Engineering CO., Ltd on March 9, 2017.