Hong Kong tycoon Richard Li-backed fintech Hyphen in advanced merger talks with blank-cheque firm Provident

//Hong Kong tycoon Richard Li-backed fintech Hyphen in advanced merger talks with blank-cheque firm Provident

Hong Kong tycoon Richard Li-backed fintech Hyphen in advanced merger talks with blank-cheque firm Provident

Hyphen Group, a financial technology firm backed by Hong Kong billionaire Richard Li Tzar-kai, is in advanced talks to go public through a merger with blank-cheque company Provident Acquisition, according to people familiar with the matter.A transaction could value the combined company at about US$1 billion, the people said, asking not to be identified because the matter is private. The deal may include a private investment in public equity, or PIPE, of about US$100 million anchored by…

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By | 2021-10-13T04:48:52+00:00 October 13th, 2021|Business|Comments Off on Hong Kong tycoon Richard Li-backed fintech Hyphen in advanced merger talks with blank-cheque firm Provident