Brief: Able View Announces Execution Of Business Combination Agreement With Hainan Manaslu Acquisition Corp.

Able View Global

22/11/2022 14:27

Nov 22 (Reuters) - Hainan Manaslu Acquisition Corp
 HMAC.O :
    * ABLE VIEW INC., A LEADING FULL-SERVICE CROSS-BORDER BRAND
MANAGEMENT COMPANY IN CHINA, ANNOUNCES EXECUTION OF BUSINESS
COMBINATION AGREEMENT WITH HAINAN MANASLU ACQUISITION CORP.
    * HAINAN MANASLU ACQUISITION CORP - COMBINED COMPANY EXPECTS
TO
TRADE ON NASDAQ
    * HAINAN MANASLU ACQUISITION CORP - FOLLOWING CONSUMMATION
OF
TRANSACTION, COMBINED COMPANY WILL REPORT IN UNITED STATES AS A
FOREIGN PRIVATE ISSUER
    * HAINAN MANASLU ACQUISITION CORP - TRANSACTION VALUES
COMBINED
COMPANY AT AN ESTIMATED EQUITY VALUE ON A PRO-FORMA BASIS OF
APPROXIMATELY US$400 MILLION
    * HAINAN MANASLU ACQUISITION - PARENT CO FOLLOWING
CONSUMMATION OF
BUSINESS COMBINATION WILL BE A NEW CAYMAN ISLANDS HOLDING CO
CALLED ABLE VIEW GLOBAL
    * HAINAN MANASLU ACQUISITION CORP - PARENT CO FOLLOWING
CONSUMMATION OF BUSINESS COMBINATION WILL BE LED BY ZHU JIAN,
FOUNDER AND CEO OF ABLE VIEW
    * HAINAN MANASLU ACQUISITION CORP - COMBINED CO WILL BE LED
BY ZHU
JIAN, FOUNDER AND CHIEF EXECUTIVE OFFICER OF ABLE VIEW
    * HAINAN MANASLU ACQUISITION-ESTIMATED CURRENT SHAREHOLDERS
OF
ABLE VIEW TO OWN ABOUT 80.3% OF ISSUED, OUTSTANDING SHARES IN
COMBINED CO AT DEAL CLOSE

Source text for Eikon:  ID:nGNX6N1MJM 
Further company coverage:  HMAC.O 
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