Wintec.Co.,Ltd. completed the acquisition of Hana Financial Thirteen Special Purpose Acquisition Company from Heritagept Partners Co., Ltd. and others in a reverse merger transaction.
July 21, 2020
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Wintec.Co.,Ltd. signed an agreement to acquire Hana Financial Thirteen Special Purpose Acquisition Company (KOSDAQ:A320000) from Heritagept Partners Co., Ltd. and others in a reverse merger transaction for approximately KRW 220 billion on January 22, 2020. Under the terms of the transaction, Hana Financial Thirteen Special Purpose Acquisition Company will issue its 14.5 million new shares in the ratio of 1 : 7.2495743 (Hana Financial Thirteen Special Purpose Acquisition Company: Wintec). Upon completion of the merger, the largest shareholder of the combined entity will be EO Technics Co., Ltd., with a stake of 40.5% including related parties. This transaction is a detour listing of Wintec in accordance with Article 19 of the KOSDAQ Market Listing Regulation. The general meeting of shareholders for the transaction will be held on May 15, 2020. Transaction is expected to close on June 19, 2020. As of April 17, 2020, expected closing is amended to July 13, 2020. As on May 19, 2020, expected closing is amended to July 21, 2020. As of July 22, 2020, the transaction is expected to close on July 22, 2020.
Wintec.Co.,Ltd. completed the acquisition of Hana Financial Thirteen Special Purpose Acquisition Company (KOSDAQ:A320000) from Heritagept Partners Co., Ltd. and others in a reverse merger transaction on July 22, 2020.
Wintec Co Ltd, formerly Hana Financial Thirteen Special Purpose Acquisition Co, is a Korea-based company mainly engaged in the development and manufacture of flat panel display (FPD) and microchip visual inspection devices. The Company operates its business through three segments. The Chip Inspector (CI) business segment is mainly manufactures and sells inspection equipment related to electronic components. The Liquid Crystal Display (LCD) Inspector (LI) Business segment is engaged in the production and supply of display-related inspection equipment. The Film Inspector (FI) segment develops and sells film-related inspection equipment. The Company sells its products in domestic and overseas markets.
Wintec.Co.,Ltd. completed the acquisition of Hana Financial Thirteen Special Purpose Acquisition Company from Heritagept Partners Co., Ltd. and others in a reverse merger transaction.