Yesuntech CO., Ltd. signed a contract to acquire Kb No.10 Special Purpose Acquisition Company (KOSDAQ:A250930) in a reverse merger transaction on April 3, 2019. The merger ratio is 1:4.05 resulting into the issuance of 23.4 million new common shares and 2.59 million other type shares of Kb No.10 Special Purpose Acquisition Company. The combined entity will operate as Yesuntech CO., Ltd. post completion. The transaction is subject to approval from general meeting of shareholders of Kb No.10 Special Purpose Acquisition Company in a general meeting planned on August 7, 2019. The creditors can submit their objections from August 8, 2019 to September 9, 2019. The Board of Directors of Kb No.10 Special Purpose Acquisition Company passed a resolution for the transaction on April 3, 2019. On July 25, 2019, the shareholders of Kb No.10 Special Purpose Acquisition Company approved the transaction, change of articles of incorporation and appointment of Choonsup Jeon, Hyungtae Kim, Sanggu Lee and Hyunyoung Shin as directors. The transaction is expected to be completed on September 3, 2019.