Announced
Financials
Tags
Reverse Takeover
Hong Kong
Majority
De-SPAC
Cross Border
Pending
personal care
Cosmetics
Private
Friendly
Single Bidder
Merger
Acquisition
Synopsis
Able View, a cross-border brand management company focusing on beauty and personal care segments, agreed to go public via a SPAC merger with Hainan Manaslu Acquisition in a $400m. “With our core mission to seek a company with a stable business model, proven track record in operations and sustained growth potential post Covid-19, we are very pleased to have found Able View. We are quite impressed by the business performance as well as industry know-how supporting Able View’s comprehensive brand management operation. Since Chinese consumers are turning their focus to functional cosmetics and personal care products, we expect Able View to continue its fast growth in this massive and attractive market," Larry Chow, HMAC CEO.
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