March 15, 2017 / 9:44 AM / 6 months ago

BRIEF-Yuanta 1 special purpose acquisition to merge with Global-taxfree

March 15 (Reuters) - Yuanta 1 special purpose acquisition Co Ltd :

* Says it will issue 96.2 million shares of common stock and 2.3 million shares of preferred stock to merge with Global-taxfree corp, a financial company

* Merger ratio is 1: 13.0185000 between the co and Global-taxfree corp

* Merger effective date is Sep. 5

Source text in Korean: goo.gl/GiYuWw

Further company coverage: (Beijing Headline News)

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