S-Power Co., Ltd. completed the acquisition of S-Finance Co Ltd from S-Energy Co., Ltd. and others.
January 01, 2015 at 11:00 pm EST
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S-Power Co., Ltd. agreed to acquire S-Finance Co Ltd from S-Energy Co., Ltd. (KOSDAQ:A095910) and others in stock on November 28, 2014. S-Power Co., Ltd. will issue 1.838494 shares for each share of S-Finance Co Ltd. A total of 1.838494 shares of S-Power Co., Ltd. will be issued for the merger. Following the completion of the deal, S-Finance Co Ltd will be merged and S-Power Co., Ltd. will survive. The deal is expected to complete by December 31, 2014.
S-Power Co., Ltd. completed the acquisition of S-Finance Co Ltd from S-Energy Co., Ltd. (KOSDAQ:A095910) and others on January 2, 2015.
S-Energy CO., Ltd. is a Korea-based company engaged in the photovoltaic (PV) power business. The Company provides PV modules include standard modules, building integrated photovoltaic (BIPV) modules and specialized PV modules, as well as wafers. It also provides energy equipment installation services for apartment house, governments, public institutions and others. The Company distributes its products within domestic market and to overseas markets. On January 1, 2014, it divested its business of building integrated photovoltaic (BIPV) module and solar power plant operation and maintenance (O&M) into a new wholly owned subsidiary.