Cenotec Co. Ltd. agreed to acquire Mirae Asset No.4 Special Purpose Acquisition Co., Ltd. (KOSDAQ:A222420) in a reverse merger transaction on December 21, 2015. The merger ratio will be 1:214.1316691 between Mirae and Cenotec.

Mirae will issue 34.26 million new shares for the merger. On April 22, 2016, the merger ratio is revised to 1:214.1228585. As per the revised terms, 34.3 million shares will be issued.

Mirae will survive and Cenotec will be dissolved after the merger. The General meeting of shareholders will take place on May 10, 2016. The expected merger registration date will be May 17, 2016 and registered date will be May 18, 2016.

As of May 30, 2016, the deal was approved by the shareholders of Mirae Asset No.4 Special Purpose Acquisition Company. Also on May 30, 2016, Mirae Asset No.4 proposed to change its name to Cenotec Co. Ltd. On July 20, 2016, Mirae Asset No.4 changed its name to Cenotec Co.

Ltd. The deal is expected to close on July 4, 2016.