Chinese steel trading website Zhaogang.com is nearing a deal to merge with a hong kong-listed blank-check company backed by china Merchants Bank Co.'s overseas asset management arm, bloomberg reports, citing people with knowledge of the matter.
The Shanghai-based company is in advanced talks to combine with Aquila Acquisition, the sources said, asking not to be identified as the information isn't public. Read more.
Source: China Steel Website Zhaogang Nears Hong Kong's First SPAC Merger, Sources Say