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THE WHAT? Particular Goal Acquisition Firm, Plutonian Acquisition Corp is about to merge with Huge Tree Cloud. Following the merger, the Chinese language female hygiene producer shall be operated below a holding agency referred to as Huge Tree Cloud Holdings and listed on the Nasdaq Inventory Market.
THE DETAILS In line with a report printed by Reuters, the SPAC deal values Huge Tree Cloud at US$500 million and is predicted to finish within the first half of subsequent 12 months, topic to the mandatory approvals.
THE WHY? The Shenzhen-based private care firm will use the proceeds for working capital and common company functions, Reuters reviews.
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