Hainan Manaslu Acquisition filed a proxy oultlining iths proposed business combination with Able view, a cross-border brand management company.
The deal has a $400 million equity value, which will be paid in newly issued stock. If approved, the parent company at closing will be a new cayman islands holding company called Able View Global.
Assuming no redemptions by HMAC's public shareholders, it is estimated that the current shareholders of Able View will own approximately 80.3% of the combined company.
Hainan Manaslu raised $69 million in an August 2021 ipo.
Able View usually engages with the brands as exclusive agent selling cross-border products to end customers in china across all channels. Read more.
Source: Hainan Manaslu Acquisition Files Proxy on Deal with China-Based Able View