Vietnam's VinFast completes SPAC merger, sees volatile trading debut
Vietnam-based electric vehicle (EV) manufacturer VinFast saw its stock climb 287% and then fall back by 47% during the first two days of trading following one of the largest mergers to date with a US-listed special purpose acquisition company (SPAC).
Black Spade Acquisition Co, a SPAC launched by the family office of Lawrence Ho, son of Macau casino tycoon Stanley Ho, agreed to merge with VinFast, a subsidiary of Vietnamese conglomerate Vingroup, in...
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