Hong Kong family office SPAC agrees $27bn merger with Vingroup EV unit
A special purpose acquisition vehicle (SPAC) launched by the family office of Lawrence Ho, son of Macau casino tycoon Stanley Ho, has agreed to merge with the electric vehicle (EV) unit of Vietnam’s Vingroup.
The SPAC, Black Spade Acquisition Co, raised USD 150m through a US offering in July 2021. Ho, who is currently chairman and CEO of hotel and resort owner Melco International Development, is identified...
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