Hansol Technics’ acquisition of Iones

Lee & Ko provided legal advice in a transaction involving the acquisition of IONES Co., Ltd., a KOSDAQ-listed company by Hansol Technics, a listed company. In this transaction, Hansol Technics acquired the entire shares of the largest shareholders in IONES Co., Ltd. and new shares issued by IONES Co., Ltd. through a third-party allocation method to secure 34.47% of the total issued shares of IONES Co., Ltd.
 
Lee & Ko played a key role in successfully closing the transaction by providing legal advice throughout the entire process, from the stages of signing a non-binding memorandum of understanding, to conducting legal due diligence, executing the contract, preparing business combination reports, and closing.
 
In particular, once the contract has been signed, a risk of dispute between the largest shareholder and the former CEO presented itself, which could have had negative impact on the transaction. However, with Lee & Ko’s support, this transaction was closed successfully in a timely manner.