Namu Tech Co., Ltd. (XKON:A167380) agreed to acquire Kyobo 5 Special Purpose Acquisition Company (KOSDAQ:A223040) in a reverse merger transaction on June 23, 2017. Kyobo will issue 22.03 million shares to merge with Namu Tech. The merger ratio is 1:9.5290951 between Kyobo and Namu Tech. The general meeting of shareholders is scheduled on November 1, 2017. The transaction will be effective on December 5, 2017. G-YUL Accounting Corporation acted as an external rating institution in the transaction. Namu Tech Co., Ltd. (XKON:A167380) cancelled the acquisition of Kyobo 5 Special Purpose Acquisition Company (KOSDAQ:A223040) in a reverse merger transaction on September 7, 2017. Namu Tech withdrew from the merger listing preparation request due to internal issues.