Alexander Saverys-led Hunter Maritime Acquisition has struck a merger deal with a Chinese financial technology company in an all-stock transaction worth $2bn.
Nasdaq-listed Hunter Maritime Acquisition, a Saverys family-controlled blank cheque vehicle, said on 5 October it has established a wholly-owned subsidiary to merge with NCF Wealth Holdings.
The transaction values NCF at an equity value of $2bn, and Hunter Maritime has agreed to issue 200 million common shares to NCF shareholders at the closing of the merger.
