China Merchants Bank-backed Aquila Acquisition becomes first SPAC applicant in HK

China Merchants Bank-backed Aquila Acquisition becomes first SPAC applicant in HK

REUTERS/Bobby Yip

A SPAC backed by China Merchants Bank applied to list in Hong Kong late on Monday, the first company to do so since new rules allowing such listings took effect at the start of this year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter