A SPAC backed by China Merchants Bank applied to list in Hong Kong late on Monday, the first company to do so since new rules allowing such listings took effect at the start of this year, Reuters reports.
The filing was by Aquila Acquisition, whose ultimate parent is China Merchants Bank. The filing said Aquila is target acquiring “a technology-enabled company in ‘new economy’ sectors (such as green energy, life sciences and advanced technology and manufacturing) in Asia, with a focus on China.” Read more.
