Harneys and Jones Day acted for the SPAC.
On 14 February, 2022, Ace Eight Acquisition Corporation, formerly known as Cheerful Team Limited, submitted its listing application for the Main Board of the Hong Kong Stock Exchange.
Ace Eight is looking to collaborate with target companies focused on healthcare and biotechnology in China, also hoping to tap into the telecommunications industry.
CMBC Capital Holdings Limited acted as sole sponsor.
Ace Eight Acquisition Corporation is a newly incorporated Cayman Islands exempted company. It is a special purpose acquisition company and has been formed for the purpose of effecting a De-SPAC Transaction with one or more De-SPAC Targets.
The Harneys team included Banking and Corporate groups Raymond Ng (Picture) and Hong Kong Senior Associate Annie Liu.
Law Firms: Harneys;
Clients: Ace Eight Acquisition Corporation;