Hanwha Ace Special Purpose Acquisition 1st Co., LTD. :
* Says it will merge with DRTECH Co., a medical devices provision firm, to boost competitiveness
* Says merger ratio is 1: 6.2390476 and 34.4 million new shares will be issued from the merger
* Expects merger effective date of Nov. 17
* Company will survive and DRTECH will be dissolved after the merger
Source text in Korean: me2.do/IDczemL9
Further company coverage: (Beijing Headline News).
http://www.reuters.com/article/idUSL4N19J13B
Source: Reuters.com