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CCB (Asia) Trustee acts as Trustee for HK's first-ever SPAC

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2022.03.18 11:13
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CCB (Asia) Transaction Banking team provides one-stop-shop Trustee, Custodian, and Escrow Account services to SPACs. (CCB)

CCB (Asia) Trustee Company Limited ("CCB (Asia) Trustee"), a wholly-owned subsidiary of China Construction Bank (Asia) Corporation Limited ("CCB (Asia)"), acts as Trustee for Aquila Acquisition Corporation ("AAC"), the first special purpose acquisition company ("SPAC") to be listed on Hong Kong Stock Exchange since new SPAC listing rules came into force on Jan. 1, 2022. CCB (Asia) Transaction Banking team provides one-stop-shop Trustee, Custodian, and Escrow Account services to SPACs.

CCB (Asia) Trustee has been accredited for its professionalism, agility, and efficiency during the listing process which has been highly appreciated by AAC and CMBI Group. "CMBI Group's decision to work with CCB (Asia) on the launch of the first SPAC in Hong Kong is a great honor for us," said Alan Lai, CCB (Asia)'s Head of Transaction Banking. "CCB (Asia) is one of the leading providers of Corporate Trust services in Hong Kong and we continue to invest in our services offering to provide the best-in-class services to our clients."

Consisted of over 50 industry professionals, CCB (Asia) Transaction Banking team provides comprehensive and customized trustee, agency, escrow, custody, and fund services to support the full spectrum of capital market transactions. CCB (Asia) has been honored with the Best in Corporate Trust – Hong Kong award at The Asset Triple A Sustainable Investing Awards 2021 for Institutional Investor, ETF, and Asset Servicing Providers.

For more information about CCB (Asia), please visit www.asia.ccb.com.

Tag:·CCB (Asia)·HK·SPAC · Trustee

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