Kahl am Main, February 24, 2009 – SINGULUS TECHNOLOGIES AG (SINGULUS) is able to report that the merger with HamaTech AG, Kahl am Main, as the transferring company to SINGULUS TECHNOLOGIES AG, Kahl am Main, as the acquiring company, took effect on February 24, 2009 along with the entry of the merger on the Commercial Register on the Local Court of Aschaffenburg, which is responsible for the registered office of SINGULUS TECHNOLOGIES AG.
Both the assets and liabilities of HamaTech AG have now been transferred to SINGULUS TECHNOLOGIES AG. HamaTech AG, Kahl am Main, has ceased to exist as a result of the merger.
Some shareholders of HamaTech AG launched an action for rescission against the merger resolution passed by the Extraordinary General Meeting of HamaTech AG on December 17, 2007. Upon the application of HamaTech AG, the District Court of Nuremberg-Fürth established by resolution dated August 14, 2008 that the launching of action does not stand in the way of the merger's entry on the Commercial Register.
The immediate appeals against this ruling by some shareholders were finally rejected by the ruling of the Nuremberg Higher Regional Court on February 17, 2009. This cleared the way for the merger's entry on the Commercial Register.
Press Release
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SINGULUS TECHNOLOGIES: Merger of HamaTech AG into SINGULUS TECHNOLOGIES Becomes Effective with Entry on Commercial Register
February 24, 2009