Kostecsys.co.,LTD completed the acquisition of Kyobo 10 Special Purpose Acquisition Company from GenSM Co., Ltd and others in a reverse merger transaction
March 20, 2023
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kostecsys.co.,LTD agreed to acquire Kyobo 10 Special Purpose Acquisition Company (KOSDAQ:A355150) from GenSM Co., Ltd and others for KRW 63.4 billion in a reverse merger transaction on August 31, 2022. The merger ratio for the transaction is 1:6.4225000. Post completion, kostecsys.co.,LTD will enjoy the benefit of being listed on KOSDAQ. The transaction is expected to close on February 20, 2023. As of December 28, 2022, the transaction is expected to close on March 20, 2022. As of February 15, 2023, Kyobo shareholders has approved the merger. As of March 20, 2023, the transaction is expected to close on March 21, 2023.
kostecsys.co.,LTD completed the acquisition of Kyobo 10 Special Purpose Acquisition Company (KOSDAQ:A355150) from GenSM Co., Ltd and others in a reverse merger transaction on March 21, 2023.
Kostecsys Co Ltd is a Korea-based company formed for the sole purpose of merging with existing corporations. The Company focuses its merger targets in: new and renewable energy industry, biopharmaceutical and medical device industry, information technology (IT) convergence system industry, carbon reduction energy industry, light emitting diode (LED) application industry, broadcasting and communication convergence industry, game and mobile industry, new material and nano convergence industry, high value food industry, electronic and communication industry , entertainment and content industry, software and service industry.
Kostecsys.co.,LTD completed the acquisition of Kyobo 10 Special Purpose Acquisition Company from GenSM Co., Ltd and others in a reverse merger transaction