# Samkwang Glass to merge with ITEC Construction and Kunjang Energy

Samkwang Glass announced a merger with ITEC Construction and Kunjang Energy to form a comprehensive energy company. The merger ratio is 1:2.57:1.71 per share. The extraordinary general meeting is set for September 29, 2020, with the merger expected to be completed by the end of October 2020.

- Type: Acquisition
- Announced: 2020-08-13
- Where: South Korea
- Status: announced
- Products: glass, construction, energy
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Samkwang Glass](https://endata.com/companies/6468.md)
- [Kunjang Energy](https://endata.com/companies/45999.md) (target)
- [ITEC Construction](https://endata.com/companies/49552.md) (target)

## Sources

- [etoday.co.kr](https://www.etoday.co.kr/news/view/1929359), 2020-08-13: "삼광글라스는 종합에너지기업으로 탈바꿈하게 된다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.