Aquila Acquisition Corporation

Overview

Aquila Acquisition Corporation is a Hong Kong-based special purpose acquisition company (SPAC) established to identify and acquire technology-enabled companies in Asia, particularly within sectors such as green energy, life sciences, advanced technology, and manufacturing. The company aims to facilitate business combinations with one or more businesses in these 'new economy' sectors, with a primary focus on China. In March 2022, Aquila Acquisition Corporation successfully listed on the Main Board of the Hong Kong Stock Exchange, marking the first SPAC IPO in Hong Kong. The company raised HKD 1 billion during its IPO and has since been actively seeking suitable targets for business combinations. In August 2023, Aquila announced a business combination with ZG Group, a leading iron and steel e-commerce platform in China, valued at approximately HK$10 billion. This transaction was the first de-SPAC deal in Hong Kong since the introduction of the SPAC listing regime in January 2022. Aquila Acquisition Corporation's investment strategy involves targeting companies that are well-positioned to benefit from the rapid growth and transformation occurring in Asia's technology and industrial sectors. By leveraging its expertise and resources, the company seeks to create value for its shareholders and contribute to the development of the region's economy. The successful completion of its de-SPAC transaction with ZG Group underscores Aquila's commitment to its investment approach and its role in facilitating significant business combinations in the Asian market.

Investment Focus

• Technology-enabled companies in 'new economy' sectors
• Focus on green energy, life sciences, advanced technology, and manufacturing
• Primary focus on China, with potential expansion into other Asian markets

Portfolio Companies