TechStar Acquisition, a SPAC initiated by CNCB Capital, Zero2IPO Group, Zero2IPO Capital, and individuals including Ni Zhengdong, Li Zhu and Liu Weijie, submitted a listing application to the main board of the Hong Kong Stock Exchange, Pan Daily reports. Zero2IPO Capital and China Securities International are serving as co-sponsors.
Among the 13 SPACs that have filed A1 documents so far with the HKEx, TechStar has the largest number of sponsors by a significant margin.
CNCB Capital is a wholly-owned subsidiary of CNCB Investment, which is itself a subsidiary of China CITIC Bank. As of Dec. 31, CNCB Capital managed more than 10 equity funds and fixed income funds, providing advice to funds covering industries such as e-commerce, health care, logistics and biotechnology. Read more.
