Announced
Financials
Tags
China
personal care
Private
De-SPAC
Single Bidder
Majority
Pending
Friendly
Cosmetics
Acquisition
Cross Border
Merger
Reverse Takeover
Synopsis
Big Tree Cloud, a company devoted to the development, production and sales of personal care products and other consumer goods, agreed to go public via a SPAC merger with Plutonian Acquisition, a publicly traded special purpose acquisition company, in a $500m deal. "We are excited to complete this business combination between Plutonian and Big Tree Cloud. The Plutonian team is honored to be part of this landmark occasion. The entire exceptional management team at Big Tree Cloud continues to execute on their robust growth plans and strategy, with multiple compelling dynamics in the consumer goods industry, we firmly believe that Big Tree Cloud as a public company has the right model and technology to leverage its experience and platform to create shareholder value," Wei Kwang Ng, Plutonian CEO.
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