Chenghe Acquisition Co. Has Entered Into A Business Combination Agreement With SEMILUX INTERNATIONAL LTD., SEMILUX LTD., And Taiwan Color Optics, Inc., With The Closing Of The Business Combination Expected To Occur In Q4 Of 2023
Portfolio Pulse from Happy Mohamed
Chenghe Acquisition Co. has entered into a Business Combination Agreement with SEMILUX INTERNATIONAL LTD., SEMILUX LTD., and Taiwan Color Optics, Inc. The merger is expected to close in Q4 of 2023, with SPAC becoming a wholly owned subsidiary of CayCo and changing its name to SEMILUX LTD.
July 21, 2023 | 12:52 pm
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Chenghe Acquisition Co. is merging with SEMILUX INTERNATIONAL LTD., SEMILUX LTD., and Taiwan Color Optics, Inc. The merger is expected to close in Q4 of 2023.
The news of the merger is directly related to Chenghe Acquisition Co. and is expected to have a positive impact on the company's stock in the short term as mergers often lead to increased market confidence and potential growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100