A SPAC backed by Agricultural Bank of China’s investment banking business has refiled for a listing in Hong Kong after its initial application lapsed, MarketWatch reports.
Interra Acquisition, which was among the first blank-check companies to file to offer its shares in Hong Kong when such vehicles were allowed earlier this year, filed an updated draft prospectus to the local bourse late Tuesday, days after its January application lapsed.
Interra, which is backed by ABCI Asset Management and investment firm Primavera Capital Group, plans to invest in high-growth companies focusing on China and nearby regions that specialize in sectors like innovative technology, consumer and new retail, advanced manufacturing, healthcare and climate action, it said in the filing. It didn’t specify a timeline for the offering nor the amount it intends to raise.
J.P. Morgan and ABC International are acting as joint sponsors for the proposed offering. Read more.
