Business: |
We are a blank check company that intends to target companies whose businesses are at the intersection of lifestyle and tech. We will search for target companies with an enterprise value between $100 million and $600 million. (Incorporated in the British Virgin Islands)
Albert Wong is our CEO and chairman of the board of directors. Since 2010, Mr. Wong has been the CEO and director of Kingsway Group Holdings, a distribution conglomerate with luxury products ranging from yachts, automotive and prestige lifestyle solutions. Kingsway is the sole distributor of Lamborghini in Hong Kong, Macau and Guangzhou. Kingsway is also sole distributor of Koenigsegg Automotive, Rimac Automobili and Bugatti Automobiles for China (including Hong Kong and Macau). In addition, Kingsway also works with Tesla Inc and Li Auto in the aftersales servicing business. During Mr. Wong’s tenure, Kingsway expanded its geographical reach of operations and business divisions from primarily operating in Southern China to the whole China region. He was also instrumental in the shift to businesses relating to electric vehicles and has since built strong relationships with major EV automakers. Mr. Wong is also co-founder of JVSakk Group and has been its executive director since 2010. JVSakk is a Hong Kong-based financial firm providing services in securities brokerage, asset, and fund management. They are also a licensed Insurance broker and Real Estate Agency in Hong Kong.
Claudius Tsang is our CFO and a director. Mr. Tsang is the former co-head of private equity (North Asia) at Templeton Asset Management. He is also a partner at Templeton Private Equity Partners.
(Note: JVSPAC Acquisition Corp. priced its SPAC IPO on Jan. 18, 2024, in sync with the terms its prospectus: 5.0 million units at $10.00 each to raise $50.0 million. At pricing, JVSPAC Acquisition Corp. became the first SPAC IPO priced in 2024. Background: JVSPAC Acquisition filed an S-1 on Oct. 26, 2023, and set terms for its SPAC IPO: 5.0 million units at $10.00 each to raise $50.0 million. The company submitted confidential SPAC IPO documents to the SEC on June 7, 2021. Each unit consists of one share of stock and one right to receive one-fourth of a share upon completion of an initial business combination.)
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