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Hanwha Ace SPAC 1 to merge DRTech

June 27, 2016 - 08:21 By 황유미
[DISCLOSURE] Hanwha Ace Special Purpose Acquisition 1 (214680) announced on June 27 that it will merge DRTech into the firm at 1:6.2390476 ratio. When the merger is complete, the largest shareholder will be Yoon Jeong-gi and six others (28.05 percent), the current largest shareholders of the medical instrument manufacturer.
Korea Exchange has suspended trading of Hanwha Ace Special Purpose Acquisition 1, the SPC announced in a separate statement.