Microtech Co. Ltd. completed the acquisition of Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. from Dnj Group Co., Ltd. and others in a reverse merger transaction.
October 28, 2018
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Microtech Co. Ltd. signed a merger contract to acquire Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A227950) from Dnj Group Co., Ltd. and others in a reverse merger transaction on June 8, 2018. The merger ratio between Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. and Microtech Co. Ltd. is 1:27.3455000. Post completion, Sungtae Song (majority owner of Microtech Co. Ltd.) will hold 54.22% stake and will become the largest shareholder of Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. The current officers of Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. will resign on the merger registration date. The deal is subject to approval from shareholders of Microtech Co. Ltd. and Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. Approval is required from more than 2/3 of voting rights of the present shareholders and more than 1/3 of the total number of issued shares. The Board of Directors of Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. passed a resolution for the deal on June 8, 2018. As on September 21, 2018, the shareholders of Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. approved the transaction and approved the designations of Sungtae Song and Pandong Seo as internal Directors and Geunsub Gil as external Director. The current officers of this company will resign on the merger registration date. The expected closing date of the deal is November 5, 2018. As of June 18, 2018, the scheduled dates of the deal were amended. Shareholders' meeting will be held on September 21, 2018 and the transaction is expected to close on October 30, 2018. As per the amendment report dated August 10, 2018, the transaction is now expected to close on October 26, 2018 and the merger registration date is October 29, 2018. BDO Daejoo LLC acted as external rating institution on the deal.
Microtech Co. Ltd. completed the acquisition of Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A227950) from Dnj Group Co., Ltd. and others in a reverse merger transaction on October 29, 2018. Pursuant to the transaction, Sung-Tae Song and 2 others have become largest shareholders of Microtech and Sung-Tae Tong has been appointed as new Chief Executive officer of Microtech Co. Ltd and Jaehyung Park has resigned as Chief Executive officer. As a result of the transaction, the headquarters of Goldenbridge have changed into Microtech Co. Ltd.’s headquarters.
N2tech Co Ltd, formerly Microtech Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of semiconductor equipment components. The Company operates its business through four segments. The Semiconductor Equipment Component segment produces and sells products such as vacuum valves, semiconductor equipment components, and system equipment, and provides after-sales services. The Light Emitting Diode(LED) Cheerleader and Merchandising(MD) Product segment manufactures products consisting of LED cheerleaders and MD products. The Entertainment segment is engaged in the production and sale of broadcast programs and entertainment management business. The Mask Manufacturing segment is engaged in the manufacture and sale of masks.
Microtech Co. Ltd. completed the acquisition of Goldenbridge No.4 Special Purpose Acquisition Co., Ltd. from Dnj Group Co., Ltd. and others in a reverse merger transaction.
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