Hong Kong's First SPAC Pumps Up With Steel Trader ZG Group
Key Takeaways:
ZG Group will raise HK$605 million from new investors through its SPAC merger with Aquila Acquisition, valuing the company at HK$10 billion
The company lost a combined 1.1 billion yuan in the past three years and reported an additional 44.6 million yuan loss in this year’s first quarter
