FST Corp. Merges with Chenghe Acquisition I Co. for US Public Listing
Deal News | Jan 19, 2025 | Globenewswire
FST Corp. has announced a merger with Chenghe Acquisition I Co., a Special Purpose Acquisition Company (SPAC), facilitating FST's public listing in the United States. Established in 1995, FST Corp is involved in various sectors and aims to utilize this SPAC transaction to expand its reach and presence in the global market. White & Case LLP has been engaged as the legal advisor for this significant corporate transaction. Geneva Capital Group is representing FST in this financial maneuver. The merger with Chenghe will be completed by December 2024, after which FST Corp expects to be fully compliant with US SEC regulations. This strategic move is indicative of FST's plans to broaden its investor base and fortify its presence in the international financial arena.
Sectors
- Corporate Finance
- Investment and M&A
- Legal Services
Geography
- United States – FST Corp is aiming for a public listing in the US, making it a significant geography for the transaction.
- Singapore – Chenghe Acquisition I Co. is based in Singapore, indicating its geographical relevance.
Industry
- Corporate Finance – The merger involves financial structuring and advising roles typically managed by corporate finance experts.
- Investment and M&A – The article discusses a merger transaction, a core component of Mergers and Acquisitions.
- Legal Services – White & Case LLP's involvement as legal advisor highlights the legal services industry.
Financials
- N/A – The article does not specify the financial terms of the merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FST Corp. | Target Company | Company | A corporation established in 1995, seeking to go public in the US market. |
| Chenghe Acquisition I Co. | Bidding Company | Company | A Special Purpose Acquisition Company involved in merging with FST Corp. |
| Geneva Capital Group | Advisor | Company | Financial advisory firm representing FST in the merger. |
| White & Case LLP | Legal Advisor | Company | Law firm providing legal services for the SPAC merger transaction. |
| Bob Lau | Contact for Geneva Capital Group | Person | Representative contact for Geneva Capital Group. |