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12 Apr
05:06

Destone Acquisition to enter EV arena

Destone Acquisition, a special purpose acquisition corporation (SPAC) co-founded by real estate tycoon and founder of Vanke Wang Shi, has submitted a prospectus to the Hong Kong Stock Exchange (HKEX). Electric vehicles are one of this SPAC's main directions in terms of investment strategies, Kallanish learns from the prospectus.  According to the prospectus, Wang Shi's Million Ridge International owns 100% of Destone Holdings LLC, which owns…
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