Fine Circuit Co., Ltd. completed the acquisition of Shinyoung HappyTomorrow No.6 Special Purpose Acquisition Company from Wonik Investment Partners Co., Ltd., Shinyoung Securities Co., Ltd., Yoo Su-gwon and other shareholders in a reverse manager transaction.
February 31, 2023
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Fine Circuit Co., Ltd. agreed to acquire Shinyoung HappyTomorrow No.6 Special Purpose Acquisition Company (KOSDAQ:A344050) from Wonik Investment Partners Co., Ltd., Shinyoung Securities Co., Ltd. (KOSE:A001720), Yoo Su-gwon and other shareholders for KRW 3.1 billion in a reverse merger transaction on June 30, 2022. The merger ratio is 1:0.3159687. 1,366,232 shares will be issued as part of consideration. Upon completion of merger, Fine Circuit Co., Ltd. will become a surviving corporation, and Shinyoung Happy Tomorrow No. 6 Purpose of Acquisition Co., Ltd. will cease to exist, and Fine Circuit Co., Ltd. will ensure business continuity. The merger is expected to close on December 5, 2022. As of October 28, 2022 The merger is expected to close on February 1, 2023.
Fine Circuit Co., Ltd. completed the acquisition of Shinyoung HappyTomorrow No.6 Special Purpose Acquisition Company (KOSDAQ:A344050) from Wonik Investment Partners Co., Ltd., Shinyoung Securities Co., Ltd. (KOSE:A001720), Yoo Su-gwon and other shareholders in a reverse manager transaction on February 1, 2023.
Fine Circuit Co Ltd is a Korea-based company primarily engaged in the manufacture and sale of printed circuit boards. The Company is mainly engaged in the production and sale of rigid printed circuit boards. This product is mainly used for refrigerators, washing machines, air conditioners, chargers, and others.