Zhitong Financial APP learned that according to the disclosure of the HKEx on March 15, A SPAC (HK) ACQUISITION CORP. To submit the listing application to the main board of the HKEx, A SPAC (Asia) Holdings Corp., De Oro, Yucheng Kejin (00279), Huitong Wynn are sponsors and Haitong International is the exclusive sponsor.
The company is a special purpose acquisition company newly incorporated as an exempted company in the Cayman Islands for the purpose of acquiring or merging business with one or more special purpose acquisition targets (i.e. special purpose acquisitions). Although the company is not limited to and may look for special purpose acquisition targets in any industry or region, the company tends to look for potential targets in the consumer industry (which will use technology to promote its growth and development in Asia, especially in mainland China and Hong Kong), the company believes that this will complement the expertise of the company's management team.
The sponsors of the company are A SPAC (Asia) Holdings Corp. ("A SPAC Holdings"), Yucheng Kejin, De Oro Strategics Limited ("De Oro") and Huitong Wynn Asset Management Limited ("Huitong Wynn"). As of the date of this document, A SPAC Holdings, De Oro (a wholly-owned subsidiary of Yucheng Kejin) and Huitong Wynn held approximately 73.25%, 16.05% and 10.70% of the issued Class B shares of the Company, respectively.
A SPAC Holdings is a company made by A SPAC (Holdings) Group Corp. Control of the special purpose entity, while A SPAC (Holdings) Group Corp. It is 50% each owned by Mr. Zeng Siwei, Executive Director and Chief Executive Officer, and Ms. she Shiying, Executive Director and Chief operating Officer. Mr. Zeng is the sole director of A SPAC Holdings, while Ms. she is the investment director of A SPAC Holdings. Mr. Tsang and Ms. she's experience in identifying merger and acquisition targets for special purpose companies has enabled them to have extensive contact and contact with the company's founders and business leaders. In addition, with Mr. Tsang's career in Templeton15 and his successful leadership experience in global private equity investments in the consumer sector in Asia, particularly in mainland China and Hong Kong, Mr. Tsang will give the company the advantage of finding high-quality special purpose mergers and acquisitions in target industries.
Yucheng Kejin Group is mainly engaged in a wide range of areas of the financial services industry, including securities and futures brokerage, placing and underwriting, corporate consulting, margin financing, asset management, insurance brokerage and financial planning. It is indirectly 75% owned by Dr. Zheng Zhigang (JP). De Oro is indirectly wholly owned by Yucheng Kejin.