Bridgetown 2 Holdings Limited in an SEC filing said that two of its “large” stockholders, FWD subsidiaries FWD Life Insurance Public Company Limited and FWD Fuji Life Insurance Company Limited, have informed the SPAC that each of them will vote in favor of the merger with PropertyGuru.
Together the two FWD subsidiaries own approximately 6.9 million units of the SPAC, according to an SEC filing, or about 23% of voting shares. The SPAC sold 29.9 million units in a January 2021 IPO.
The SPAC’s shareholder vote on the PropertyGuru deal is set for March 15.
PropertyGuru is a PropTech company operating in Southeast Asia.
Richard Li, who holds an indirect majority ownership of the FWD entities, is also the founder of Pacific Century and has an indirect ownership in the sole member of Bridgetown 2, the SPAC’s sponsor. Read more.
