Hony Capital Acquisition in a letter to the SEC said it was withdrawing a planned offering of 20 million units. The SPAC initially registered to offerr 30 million units in March 2021, later downsizing to 20 million in an amended filing last June.
Hony Capital had planned to focus on technology enabled companies in the healthcare and consumer sectors in China or a global or regional company in these sectors with a strong nexus or growth potential in China.
The SPAC is led by Chairman John Zhao, who is chairman and CEO of Hony Capital, an alternative investment management group focusing on opportunities in China.
Hony had planned to list on the NYSE with Citigroup and Crdit Suisse serving as joint book-running managers of the offering. Read more.
