Corporate Holdings Limited signed a conditional agreement to acquire Mykco Limited (NZSE:MYK) from Borneo Capital Limited, CFS NBDT Interest Limited, Brent Douglas King and others in a reverse merger transaction on May 28, 2018. Under the terms, Mykco Limited will issue 104.3 million shares (85% of the total ordinary share) as consideration shares and each vendor of Corporate Holdings Limited would receive 16.27 Mykco Limited shares for each of its shares in Corporate Holdings Limited. Post completion, Mykco Limited will change its name to General Capital Ltd and will trade under the Ticker code of NZ:GEN. The transaction is conditional upon approval from the shareholders of Mykco Limited at the special meeting to be held on June 10, 2018 or such later date as may be agreed and other approvals. The transaction has been approved by the Covenant Trustee Services Limited as supervisor of General Finance Limited and Reserve Bank. As per announcement of July 12, 2018, a shareholders meeting has been convened to be held on July 31, 2018 to approve the transaction. As on July 31, 2018, shareholders of Mykco Limited approved the transaction. The completion of the transaction is to take place no later than 3 business days after satisfaction of the above conditions including Mykco Limited remaining listed on the New Zealand Stock Exchange on completion; General Finance Limited’s Non-bank Deposit Taker license remaining in full force and effect on completion and General Finance Limited continuing to offer term deposits up to completion under a product disclosure statement that complies with all applicable laws. Completion is expected on August 3, 2018. Corporate Holdings Limited completed the acquisition of Mykco Limited (NZSE:MYK) from Borneo Capital Limited, CFS NBDT Interest Limited, Brent Douglas King and others in a reverse merger transaction on August 3, 2018.