POINT ENGINEERING Co.,Ltd. signed a contract to acquire NH Special Purpose Acquisition 10 Co., Ltd. in a reverse merger transaction.
February 26, 2019
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POINT ENGINEERING Co.,Ltd. (XKON:A176560) signed a contract to acquire NH Special Purpose Acquisition 10 Co., Ltd. (KOSDAQ:A256630) in a reverse merger transaction on February 27, 2019. The consideration comprises issuance of 46.5 million shares at a ratio of 1:7.500000. The transaction is subject to approval of shareholders of POINT ENGINEERING and NH Special Purpose Acquisition 10 Co. Scheduled listing of new shares will be on July 15, 2019 and the transaction is expected to be completed on July 1, 2019. Shin Seung Accounting Corporation acted as external rating institution in the transaction.
Point Engineering Co Ltd, formerly NH Special Purpose Acquisition 10 Co Ltd, is a Korea-based company principally engaged in the manufacture and distribution of display and semiconductor processing equipment parts. The Company's products include temperature controlled heaters, gas homogenizers, glass fixtures, among others.
POINT ENGINEERING CO.,LTD. 
