Vietnamese automaker, VinFast Auto Ltd and Black Spade Acquisition Co announced on August 14 the completion of their previously announced “Business Combination”.
Vietnamese VinFast Automaker and Black Spade Acquisition Company announced on Thursday that its business combination with Black Spade is expected to close on August 14.
The business combination values VinFast at an enterprise value of approximately US$27 billion and an equity value of $23 billion, not including cash from BSAQ’s approximately $169 million of cash in trust (assuming no Black Spade shareholders elect to have...