Brief: Aquila Acquisition Says Entered Business Combination Agreement With ZG Group And Unit

ZG

31/08/2023 02:34

Aug 31 (Reuters) - Aquila Acquisition Corp  7836.HK :
    * ENTERED INTO BUSINESS COMBINATION AGREEMENT WITH ZG GROUP
AND
ITS UNIT
    * BUSINESS COMBINATION AGREEMENT FOR MERGER OF ZG MERGER SUB
LIMITED WITH AND INTO AQUILA
    * DE-SPAC TRANSACTION WILL RESULT IN BUSINESS COMBINATION OF
AQUILA WITH ZG GROUP
    * NEGOTIATED VALUE OF ZG GROUP IN DE-SPAC TRANSACTION IS
HK$10.00
BILLION
    * CO AND ZG GROUP ENTERED INTO PIPE INVESTMENT AGREEMENTS
WITH 10
PIPE INVESTORS
    * PIPE INVESTORS TO SUBSCRIBE FOR CLASS A ORDINARY SHARES IN
SHARE
CAPITAL OF SUCCESSOR CO AT HK$10.00 PER SHARE
    * SUCCESSOR CO WILL MAKE APPLICATION TO STOCK EXCHANGE FOR
LISTING
OF ITS CLASS A SHARES
    * AQUILA WILL MAKE APPLICATION TO STOCK EXCHANGE FOR
WITHDRAWAL OF
LISTING OF AQUILA CLASS A SHARES


Further company coverage:  7836.HK 

 ((Reuters.Briefs@thomsonreuters.com;))