MAR 6·Wealth Briefing AsiaLow
Asia-Focused SPAC Lists, Raises $86 Million
Chenghe Acquisition II Co, an Asia-focused Special Purpose Acquisition Company (SPAC) incorporated in the Cayman Islands, has listed in New York, raising $86.25 million. This listing marks a new development in the SPAC sector, which had experienced a significant cooling after a boom four years ago. The company intends to merge with one or more businesses operating in Asia or global businesses with a regional presence within the next two years.