Vietnam’s Richest Person To List VinFast In U.S. Via $23 Billion SPAC Deal With Lawrence Ho’s Black Spade
Balita ng Ethereum ng Bitcoin Le Thi Thu Thuy, global chief executive officer of VinFast, standing in front of VinFast LLCs VF8 VinFast—controlled by Vietnam‘s richest man Pham Nhat Vuong’s VinGroup—has agreed to merge with casino mogul Lawrence Hos Black Spade Acquisition Co. in a deal valuing the electric vehicle maker at over $23 billion. The deal with Black Spade, a special purpose acquisition company or SPAC, is expected to be completed in the second half of this year. It paves the way for the U.S. listing of VinFast, which has been seeking to launch an IPO in the U.S. in the past two years to help bankroll its global expansion. “VinFast has already demonstrated the ability to quickly reach international markets,” Thuy Le, global CEO of VinFast, said in a statement. “The partnership with Black Spade and listing of VinFast in the U.S. represents the perfect capital raising avenue for our future global ambitions.” VinFast, which plans to build a factory in North Carolina, started shipping its vehicles to the U.S. in November to directly challenge EV giant Tesla in its home market. Shipments to Canada and Europe are expected later this year. Bukod sa pagmamanupaktura ng sasakyan, ang nagkokontrol na shareholder ng VinFast na