According to the latest Reuters report, NH Special Purpose Acquisition 3 has announced that it will merge with Korea Cement, a company that is mainly engaged in cement manufacture business.
NH Special Purpose Acquisition 3 has said the merger ratio is 1:2.1754643 between the company and Korea Cement.
43.5 million new shares will be issued for the merger.
The company expects the merger to be finalised by 7 February 2017.
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The nationwide ETS is said to be the second largest in the world and is a key component of the government’s aim to reduce emissions by 30% by 2020 against current levels.
KORFEZ ENG. has received a follow-up order for a compartment mill shell lining in Turkey, and a new order for a mill conversion project in South Africa.
